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Using a Qualified Replacement Plan to Reduce Excise Tax on Terminated DB Plan Surplus
Mercer Link to more items from this source
July 21, 2022

"With interest rates rising, some employers might be considering terminating their defined benefit plans to take advantage of reduced plan termination liabilities. However, these sponsors may run the risk of creating trapped surplus, which could result in a reversion subject to a steep excise tax. One potential solution ... is to transfer any DB surplus assets to a qualified replacement plan (QRP)."

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