Offset arrangement

[Carol V. Calhoun]

Does anyone have any thoughts on the meaning of "offset arrangement" on the Form 5300?  We've got a defined benefit plan that offsets benefits by the benefits under another defined benefit plan.  (There are complicated reasons for this structure.)  I'm seeing lots of discussion that a "floor offset" plan involves only a DB plan that is offset by a DC plan, not by another DB plan.  But I can't find a specific definition of "offset arrangement," without the "floor" part.

[david rigby]

Just thinking out loud, any possibility your 2 plans are (or should be) treated as one plan for 5300 purposes (and maybe 5500 purposes)?

[Carol V. Calhoun]

1 hour ago, david rigby said:

Just thinking out loud, any possibility your 2 plans are (or should be) treated as one plan for 5300 purposes (and maybe 5500 purposes)?

No.  One of those single employer plan offset by multiple employer plan things.

[PensionPro]

The IRS has been known to use the terms "floor offset" and "offset" plans interchangeably.

[Carol V. Calhoun]

1 minute ago, PensionPro said:

The IRS has been known to use the terms "floor offset" and "offset" plans interchangeably.

Thanks--good to know!

[CuseFan]

In the past, in similar circumstance, I checked yes and added the simple description of the offset of benefits provided by the other plan.