valuation deadline

[abanky]

What is the valuation deadline for plan years starting 1/1/08? It's 4 1/2 months right... Is there a lives restriction that it does apply for? Like under 100 lives?

[Mike Preston]

I admit to being thoroughly confused by your post. Maybe it is just too early in the day, but I need clarification.

[abanky]

lol, sorry... It's early for me.

Didn't PPA say that a valuation needs to be done by a certain day or the target Funding % is automatically assumed to be the prior years % minus 10%?

[tymesup]

The certification under IRC 436 is due as of the first day of the fourth month - 4/1 or April Fool's Day for calendar year plans. I don't think there's an exception for small plans. I don't think there's guidance for end of year valuations.

[david rigby]

This refers only to the certification, not to the "valuation deadline".

[mwyatt]

From the Conference Committee report:

The annual funding notice must be provided within 120 days after the end of the plan

year to which it relates. In the case of a plan covering not more than 100 employees for the

preceding year, the annual funding notice must be provided upon filing of the annual report with

respect to the plan (i.e., within seven months after the end of the plan year unless the due date for

the annual report is extended).