Peter Gulia Posted November 3, 2020 Posted November 3, 2020 How often does it happen that a cash-balance pension terminates with the Pension Benefit Guaranty Corporation topping-up benefits? Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
C. B. Zeller Posted November 3, 2020 Posted November 3, 2020 This is not definitive in any way, but maybe reasonable for an order-of-magnitude estimate: https://www.pbgc.gov/search-trusteed-plans search for "cash balance plan" yields 25 results. https://www.pbgc.gov/search-insured-plans search for "cash balance plan" yields 8,180 results. The number of cash balance plans trusteed by the PBGC is 0.31% of the number of cash balance plans insured by the PBGC. Luke Bailey and Peter Gulia 2 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
Peter Gulia Posted November 3, 2020 Author Posted November 3, 2020 We're not worthy! This is much better evidence than I had hoped for. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
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