KoolLady4 Posted June 8, 2018 Posted June 8, 2018 Plan assets at BOY are 1,855,000. If the client has a bond with inflation guard, should I be reporting $185,500 coverage on 10(c)?
Bri Posted June 8, 2018 Posted June 8, 2018 Does everyone bring the dollar amount of the bond out to the nearest 10% dollar, then? I always wondered if the DOL looks and says, "Wow, a bond for $185,234...."
RatherBeGolfing Posted June 8, 2018 Posted June 8, 2018 The DOL is aware that many have inflation guards so it really doesn't look that weird. I do 10% rounded up. $800,555 in assets become $80,056 in order to avoid my admin software warning that the bond is not 10% If I leave it at $80,055.
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