Offset Cash Balance and PBGC Coverage

[Guest RMcCord]

I have an offset Cash Balance Plan where four Doctors accrue beneifts in the Plan and the remaining "Participants" are in the Plan but their benefits are completly offset by the Profit Sharing allocaiton. The Professional organization has more than 25 employees but only four have a benefit. Is this Plan covered by the PBGC?

[Calavera]

If it has more than 25 active participants (not employees), I believe it is covered by the PBGC but the flat premium calculated only for four participants.

[tymesup]

The zeroes count in determining whether the plan is covered by PBGC. They don't count for the flat premium.