New York City District Council of Carpenters Benefit Funds
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Retirement Planners and Administrators (RPA)
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Fringe Benefit Group
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Great Lakes Pension Associates, Inc.
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Pollard & Associates
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Retirement Solutions Specialists
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Defined Contribution Account Manager Nova 401(k) Associates
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Greenline Wealth Management
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Text of PLR 201803006: OK to Amend Interest Rate Lookback Month for Cash Balance Plan's Pre-Conversion Benefit (PDF)
Internal Revenue Service [IRS] [Official Guidance] Jan. 22, 2018
"This letter is ... a ruling on the effect of an amendment changing the interest rate lookback month with respect to preconversion benefits under section 411(b)(5) ... and the regulations thereunder, following the conversion of a defined benefit pension plan ... to a cash balance plan that is intended to be a statutory hybrid plan under section 411(a)(13).... [P]resent value determinations [prior to conversion] were based on interest rates for the lookback month that is the first full calendar month preceding the Plan Year in which the annuity starting date occurs.... [Under the plan amendment, for any distribution having an annuity starting date after the year in which the conversion occurred,] the Look-back Month [became] the month of September in the Plan Year preceding the Plan Year in which the annuity starting date occurs."
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