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Defined Benefit Plans, Including Cash Balance

6 year top-heavy graded vesting a suggestion or rule.

Guest Fred Maynard

By Guest Fred Maynard
February 15, 2005 in Defined Benefit Plans, Including Cash Balance

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https://benefitslink.com/boards/topic/27884-6-year-top-heavy-graded-vesting-a-suggestion-or-rule/

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Guest Fred Maynard

Guest Fred Maynard

Posted February 15, 2005

Posted February 15, 2005

Can a DB plan's vesting schedule for top-heavy plan years be a five year graded? 2yrs (20%), 3 yrs (40%), 4 yrs (60%), 5 yrs (100%).

david rigby

Posted February 15, 2005

Posted February 15, 2005

Yes. The vesting schedules in IRC 411 and IRC 416 are minimum requirements. A plan can always use a more generous schedule.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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