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Posted

I am looking at a valuation report created by another firm and the 417(e) mortality table listed is "Male-modified RP2000 combined healthy male projected 23 & 15 years, Female-modified RP2000 combined healthy female projected 23 & 15 years." Is this just the Applicable Mortality Table? Also, what does "projected 23 & 15 years" mean - projected 38 years?

Any help would be appreciated. Thanks!! :)

Posted

I am not sure what it means either, but you can always ask the other actuary for the q's.

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.

Posted

Exactly. Any actuary could speculate about the meaning, but the first solution should be to ask the other actuary.

BTW, that "description" seems very odd to this actuary.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

Posted

An ASC user in our office says that is how ASC describes the table otherwise known as the 436 small plan combined mortality applicable for 2008, sex distinct.

But it is still a good idea to ask for the q's.

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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