DB plan contributions

[fidu]

A qualified DB plan must:

- receive employer contributions each year???

- have fixed benefits???

meet minimum vesting requirements???

[MGB]

1. No, they have flexible funding obligations. They have a minimum required contribution, but that may be zero for overfunded plans or plans whose sponsor funded more than the minimum in prior years (using this credit balance from prior years to satisfy the otherwise computed minimum this year).

2. No, they must have defined (not fixed) benefits. They may be defined on variable factors (e.g., tied to outside indices).

3. Yes.

[fidu]

MGB:

MANY THANKS

FIDU