emmetttrudy Posted March 25, 2009 Posted March 25, 2009 The pLan owned a life insurance policy on one of its participants. We always included the cash surrender value in the top heavy test determination each year. However, this participant died in 2008. For the 12/31/2008 top heavy test, is the full life insurance payout (approx. $1.3 million) included as a current year distribution for top heavy testing purposes?
david rigby Posted March 25, 2009 Posted March 25, 2009 Is an answer available from Q&A T30-T31 in the 416 reg? 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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