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Showing results for tags 'adjusting plan assets for funding defiicency'.
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Before PPA a late contribution creating a FD for a plan year was added to the plan assets for the following year funding computations. Not clear as how PPA changed this rule? I have a pension plan that had a funding deficiency (FD) in 2018 plan year due to a late contribution of $30,000, which was deposited in Dec 2019. For the 2019 plan year the valuation date is changed from EOY to BOY. Under 4(A)(ii), should the late contribution be included as a plan asset for funding purposes for 2019? SB instructions say not to include such contributions in line 2(a) [ market value of assets] or 2(b) [Actuarial Value of plan assets].