Lump Sum Under $5,000

[Dougsbpc]

Have a small DB plan where the 2008 and 2009 AFTAP is <80%.

A terminated participant has a lump sum benefit of $1,400. Even though restricted, I believe lump sum benefits of under $5,000 can be distributed under WRERA.

Question: Must it be an involuntary cash out to qualify for this? Can lump sums of < $5,000 be made to any terminated participant?

[Mike Preston]

No, it need no be an involuntary cashout.