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Fair Market Value Determination on Annutiy Contracts


Guest Frankie

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Guest Frankie

I would appreciate any feedback on how everyone is handling the following:

1. With annuity investments that have not annuitized, how do you calculate the "plan balance" for determining a required minimun distribution at 70 1/2 ? For example, do you use the surrender value of the contract, do you add in any supplemental death benefit values, do you add in any increase in value if the contract has an additional positive market rate adjustment value ?

2. When the participant has annuitized the contract how is everyone calculating the year end value of the contract for purposes of 5498 reporting if the annuity contract is an IRA annuity?

Any input is greatly appreciated !!

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