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Posted

If you used ind aggregate funding method,would you give those NCs as per participant costs.

Or use the increase in the pvab each year?

Posted

If a CPA is asking for a breakdown for deduction purposes, we typically will provide the percentage breakdown based on the individual normal costs.

If the employer or a participant is asking for benefit purposes, we will resist providing an "annual" cost and explain for the umpteenth time that defined benefit plans do not work the same as a 401(k) plan.

[The second paragraph rarely satisfies those who ask.]

...but then again, What Do I Know?

Posted
If the employer or a participant is asking for benefit purposes, we will resist providing an "annual" cost and explain for the umpteenth time that defined benefit plans do not work the same as a 401(k) plan.

[The second paragraph rarely satisfies those who ask.]

That would be the same group who wants to know how much money they personally have in the plan each year.

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