"Practical options: [1] Keep the plan open and let time, future accruals, or compensation changes absorb some of the surplus. [2] Use a companion retirement plan ... [3] De-risk the investment portfolio ... Radical options: [1] Corporate‑level transaction followed by a plan merger where an overfunded plan's surplus is effectively used to offset an underfunded plan's deficit ... [2] Section 420 transfers, where surplus from one overfunded DB plan can be used to pre‑fund retiree health or life‑insurance benefits, [3] Trading liquid assets for a mix of insurance protection and cash value[.]"  MORE >>