Guest tomc Posted April 13, 2010 Posted April 13, 2010 A plan sponsor wishes to resume accruals after being frozen prior to PPA. What is the required funding percentage? 80% or 60%
SoCalActuary Posted April 14, 2010 Posted April 14, 2010 You are describing an amendment to increase benefits. Use the 80% rule.
Andy the Actuary Posted April 15, 2010 Posted April 15, 2010 Presumably, you need to be mindful about grants of past service re: 401(a)(4) since it is a plan amendment? The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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