Andy the Actuary Posted February 21, 2012 Posted February 21, 2012 DB Plan that has 150 active and term vest participants and 150 retirees provides that participant eligible for retirement may elect lump sum if lump sum >$5,000 but does not exceed $10,000. There are no active and term vest participants to whom this voluntary cash-out might apply during 2012. As of 1/1/2012 the AFTAP is less than 80%. Has anyone seen any guidance that reliees providing the 101(j) notice to all 300 participants in a similar situation? 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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