Guest Rags Posted May 5, 2009 Posted May 5, 2009 Does the DB and DC plan combination have to pass a comparability test from a rights and features perspective in order to permissively aggregate? For instance DC plans can take a lump sum at termination of employment whereas a DB plan can only do it at early retirement and retirement? Would this be a failure in the “features”?
Everett Moreland Posted May 5, 2009 Posted May 5, 2009 For a start, see 1.401(a)(4)-9(b)(3) and 1.401(a)(4)-4(d)(4) and (5). I know of no reason a DB plan can't pay an optional lump sum at termination.
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