I am having general trouble understanding the third criteria of FBRIC determination.
The contract will say something like below:
Transfers from Fixed Account Plus. The Participant may transfer up to 20% of the Accumulation Value allocated to Fixed Account Plus during each Certificate Year.
Is that a limitation that would violate the criteria of fully benefit responsive investment contracts?
As an additional question, are there any good CPE's or just websites or videos with in depth explanation of the investment vehicles we see in these plans (GICs, PSAs, etc.)?
