SKC Posted April 27 Posted April 27 Company with 2 Partners and 2 employees. The Partners are the only Participants in Cash Balance Plan. Partner 1 has accrued a large benefit each year including for 2024. Partner 2 accrued large benefits through 2023, received a lumpsum benefit of the large benefit in 2023 and did not receive a benefit for 2024. Does this Plan satisfy 401(a)(26) for 2024?
truphao Posted April 27 Posted April 27 no, it fails. 1.401(a)(26)-5(a) thows you into 1.410(a)(b)(1) which requires an increase in accrued benefit (assuming exceptions do not apply):
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