Switching from BOY to EOY val for DB plan

Hi

A general question as researching it.

Have you ever switched from a BOY to an EOY val? I am aware of the other way around with automatic approval.

If you have, can you share how managed it, if possible?

Thanks

I've only done it on takeover plans when both the administration firm and actuary and actuarial firm are changing. I believe that is another exception that gets automatic approval I  think it's in the same rev proc as the BOY change auto approval but it's been a while since I looked it up.

Otherwise I believe you need to submit to the IRS for a change in funding method to switch the val date to EOY which is often cost and time prohibitive.

I believe automatic approvals are in Rec Proc. 2017-56 and other changes that require submission are in Rev Porc 2017-57.

Thank you for your input. Still researching but not looking good.