Changing val date upon termination

[Jakyasar]

Hi

DB plan, one lifer, EOY val.

Plan is slightly underfunded but creating a large required contribution which will make it over funded.

Can I switch to BOY val with the above status?

Thanks

[Lou S.]

I think you are always allowed to change to BOY, it's changing to EOY where you need to meet certain conditions to get automatic approval.

See Rev. Proc. 2017-56 which I don't think has been superceeded but you can double check. I think Section 3.02 is the relevant one.

[AndyH]

Agree