Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Summary of IRS Proposed Regs on Benefit Restrictions for Underfunded Pension Plans (PDF)
Internal Revenue Service [IRS] [Official Guidance] Aug. 29, 2007 "For a plan with an AFTAP below 80%, a plan must provide that, unless the plan sponsor contributes the amount of the increase in plan liability resulting from the plan amendment, an amendment that increases benefit liabilities (e.g., providing new benefits, changing the benefit accrual rate, or improving the vesting schedule) cannot take effect." [Employee Plans News, Aug. 29, 2007] |
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