Change of Funding Method - Year of Takeover and Thereafter

[Guest merlin]

Plan's prior actuary changed funding method in 02 to FIL. We've taken the plan over the plan for 03, so I believe we're restricted to FIL under sec. 4.03 of RP 2000-40. No other automatic approval is available, right?

What about 04? Can I change to some other method under 2000-40, or have I started another 4-year clock by the "change" in 03?

[Blinky the 3-eyed Fish]

You are correct that you are stuck with FIL. You can't change it in 2004, 2005, 2006 or 2007.

I am not sure what you mean when you are asking if another 4-year clock starts by the change in 2003. What change? If it's the simply the takeover change, well that doesn't affect the right to change funding methods.

[david rigby]

2007 ?

[Blinky the 3-eyed Fish]

Oops. Counting error incurred. 2007 you are good to go on the change.