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|American Academy of Actuaries Comment Letter to IRS: Increasing Flexibility Relating to Maintenance and Application of Funding Balances (PDF)|
American Academy of Actuaries
June 22, 2021
"Specifically we suggest:  Extending the deadline for elections to create or apply funding balances by one month to coincide with the Form 5500 filing deadline;  Extending the deadline for elections to reduce (waive) funding balances beyond the end of the plan year;  Modifying specific and standing elections to provide greater flexibility by allowing formulaic elections; and ...  [P]roviding an additional standing election to waive funding balances under certain circumstances."
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