DBnme Posted February 2, 2023 Posted February 2, 2023 CB/DC plans. The CB plan froze in 2022 and no participant earned a CB accrual for 2022. The top-heavy minimum is provided in the DC plan. Due to the CB plan freeze the DC plan TH minimum will be 3% rather than 5%, correct? Top-heavy has always been provided in the DC plan. The DC document is ftwilliam.
CuseFan Posted February 2, 2023 Posted February 2, 2023 I believe that is correct, but check the plan language. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
Jakyasar Posted February 2, 2023 Posted February 2, 2023 Yes, check the document and see how the TH language is written. I have seen documents that were written where TH minimum is hard coded as 5% so 3% will not fly.
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