Young Curmudgeon Posted January 18, 2008 Posted January 18, 2008 We are correcting some missed minimum distributions for a DB plan and sending in the VCP. The instructions indicate to make missed payments with an additional payment for "loss of use" of the money. Has anyone seen guidance for DB plans on what rate to use in this situation? Is it the plan stated actuarial equivalence, the trust asset rate, or maybe some other "reasonable" fixed income index? Is anyone familiar with an internal IRS document that may shed some light? Thank you for any input!
Guest K.C. Posted October 15, 2008 Posted October 15, 2008 I have the same question: how do I determine the appropriate interest rate to use for correcting a defect involving corrective distributions in a DB plan? Is it the plan's rate of return on its assets? Thanks for your help with this.
JRG Posted April 6, 2010 Posted April 6, 2010 We are doing the same thing and are wondering if there is any recent guidance on this?
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