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M & P PLAN, see APPROVAL PROCESS
MAKE-UP CONTRIBUTIONS TO RESTORE LOSSES, see EMPLOYER CONTRIBUTIONS, ENFORCEMENT OF ERISA
MALPRACTICE CLAIMS
* Claims against nonfiduciaries, (Ch13B/SecIV/PtF.6.)
* ERISA does not preempt malpractice claims, (Ch13B/SecIV/PtF.6.b.)
MANAGEMENT FUNCTIONS, see RELATED ORGANIZATIONS (Affiliated service group)
MANDATORY DISTRIBUTIONS, see MINIMUM DISTRIBUTION RULES
MAP-21 (MOVING AHEAD FOR PROGRESS IN THE 21st CENTURY ACT)
* Deduction limits: MAP-21 rates do not apply, (Ch3B/SecVIII/PtB.3.b.2)e)iv))
* ERISA §4010 reporting: MAP-21 rates do not apply, (Ch3B/SecVIII/PtB.3.b.2)e)viii))
* Minimum funding rules: segment rate stabilization, (Ch3B/SecVIII/PtB.3.b.2))
- HATFA amendments to the MAP-21 rules, (Ch3B/SecVIII/PtB.3.b.2))
* Present value calculations under IRC §417(e): MAP-21 rates do not apply, (Ch3B/SecVIII/PtB.3.b.2)e)v))
* Section 415(b) limits: MAP-21 rates do not apply, (Ch5/SecIII/PtB.2.b.4))
* Segment rate stabilization: table of adjusted rates, (Ch17/SecIII/PtC.1.c.(3))
* Summary of pension-related provisions, (Ch15/SecIX/PtR)
* Transfers of excess pension accounts pursuant to IRC §420
- Expanded to cover transfers to retiree life insurance account, (Ch3B/SecVI/PtD)
- MAP-21 rates do not apply, 3B.105, (Ch3B/SecVI/PtD.1.a.2)a))
- Sunset date delayed to December 31, 2021, (Ch3B/SecVI/PtD.1.f.)
* Variable rate premium calculations under Title IV of ERISA: MAP-21 rates do not apply, (Ch3B/SecVIII/PtB.3.b.2)e)vii))
MATCHING CONTRIBUTIONS
* Accrual requirements, see ACCRUAL OF BENEFITS
* ACP test applied to matching contributions, see ADP AND ACP TESTING
* Allocation of matching contributions, (Ch3A/SecII/PtD.8.), (Ch3A/SecII/PtG.4.), (Ch3A/SecII/PtD.8.)
- Cap on the match, (Ch3A/SecII/PtD.8.b.)
◆ Discretionary match formula, (Ch3A/SecII/PtD.8.d.)
◆ Effect of a partial year of participation, (Ch3A/SecII/PtD.8.c.2))
- Communication issues, (Ch3A/SecII/PtD.8.)
- Discretionary match, (Ch3A/SecII/PtD.8.d.)
- Effect of changes in deferral rate on calculation of match, (Ch3A/SecII/PtD.8.c.4))
- Effect of discontinuing deferrals on calculation of match, (Ch3A/SecII/PtD.8.c.5))
- Forfeiture of matching contributions: allocation treatment, (Ch3A/SecII/PtM.1.d.), (Ch3A/SecII/PtL.1.d.)
- IRS reverses position and allows forfeitures to be allocated as QMACs, QNECs or safe harbor contributions under IRC §401(k)(12), (Ch3A/SecII/PtL.1.f.)
- Matching of 401(k) deferrals, (Ch3A/SecII/PtD.8.)
- Payroll period method for allocating match, (Ch3A/SecII/PtD.8.c.)
- Safe harbor matching contributions under safe harbor 401(k) plans, (Ch3A/SecII/PtD.8.c.7)), (Ch11/SecXIV/PtB)
- Sample formulas, (Ch3A/SecII/PtD.8.)
- Specified percentage match, (Ch3A/SecII/PtD.8.a.)
- Tiered match, (Ch3A/SecII/PtD.8.e.)
- "True up" of match when deposit during year are less than full matching liability, (Ch3A/SecII/PtED.2.b.)
- Using compensation periods that are shorter than plan year to calculate matching contribution, (Ch3A/SecII/PtD.8.c.)
* Catch-up contributions
- How to determine if plan's matching formula applies to catch-up contributions, (Ch11/SecXI/PtB.4.h.)
- Match on catch-up contributions not exempt from ACP test, (Ch11/SecVII/PtC.1.a.1))
* Definition of matching contributions, (Ch1A/Def-MatchingContributions) (Ch11/SecIV/PtA)
* Differential wage payments: matching contributions on elective deferrals made from these payments (HEART Act), (Ch11/SecVII/PtC.1.a.6)a))
* Forfeitures of matching contributions
- Allocation methods, see ACCRUAL OF BENEFITS
- Forfeitures because of nondiscrimination tests, see SECTION 401(m) PLANS
* Nondiscrimination testing of matching contributions, see ADP AND ACP TESTING
* Right to each rate of matching contributions must be available on nondiscriminatory basis, (Ch3A/SecIII/PtA.1.c.)
* Roth contributions: application of matching contribution formula, (Ch11/SecXV/PtA.5.)
* Top heavy minimum allocation, using matching contributions to satisfy, see TOP HEAVY RULES
* Vesting requirements for matching contributions faster in post-2001 plan years, see VESTING RULES
MEDICAL EXPENSES, EXCEPTION FROM PENALTY FOR, see PREMATURE DISTRIBUTION PENALTY
MEDICAL SAVINGS ACCOUNTS, see HEALTH BENEFITS
MERGERS, SPIN-OFFS, AND TRANSFERS OF PLAN ASSETS
* ADP and ACP testing for merged plan, see ADP AND ACP TESTING
* Checklist of merger, spin-off and transfer issues, (Ch15/SecVII/PtB)
* Company transactions that might result in mergers or spin-offs of plans, (Ch15/SecVII/PtA.2.)
- Plan issues that need to be decided, (Ch15/SecVII/PtA.H5.)
- Purchase of assets, (Ch1B/Def-Severance From Employment/PtA.2.a.), (Ch1B/Def-SeveranceFromEmployment/PtA.2.a.)
- Purchase of stock (or other ownership interest), (Ch1B/Def-SeveranceFromEmployment/PtA.3.a)
- Scenarios involving seller's plan, (Ch15/SecVII/PtB.H8.)
* Coverage and nondiscrimination testing issues, (Ch15/SecVII/PtB.5.)
* Definitions relating to mergers, (Ch15/SecVII/PtA)
* Determination letter request on a merger or spin-off, (Ch15/SecVII/PtB.6.1.)
* Distribution restriction issues relating to mergers, (Ch15/SecVII/PtB.4.)
* Documentation of the transaction, (Ch15/SecVII/PtA.4.)
* Effective date of a merger or transfer, (Ch1A/Def-Mergers/PtA.1.)
* Elective transfers
- Definition of elective transfer, (Ch6/SecIII/PtD.3.a.2)), (Ch6/SecIII/PtD.3.c.), (Ch1A/Def-ElectiveTransfer)
- Distinguished from rollovers, (Ch7/SecIV/PtF.2.)
- Elective transfer of distributable benefits, (Ch1A/Def-ElectiveTransfer)
- Elective transfers between DC plans in connection with business transaction or employment status change, (Ch6/SecIII/PtD.3.c.)
◆ QJSA must be protected, (Ch6/SecIII/PtD.3.c.3)
◆ Same type plan requirement, (Ch6/SecIII/PtD.3.c.1)d))
◆ Transferred account does not have to be 100% vested in transferee plan, (Ch6/SecIII/PtD.3.c.5))
- Statutory elective transfer rule, (Ch6/SecIII/PtD.3.e.)
* Form 5500
- Final return filed for plan involved in merger, (Ch13A/SecIII/PtF.4.c.)
* Improper transfer of assets between plans due to accounting error, (Ch15/SecVII/PtA.4.e.)
- Plan had standing to sue, (Ch13B/SecIV/PtB.3.)
* IRAs: transfer from qualified plan to IRA must satisfy rollover definition, (Ch7/SecIV/PtF.3.)
* Liability issues relating to mergers or spin-offs, (Ch15/SecVII/PtB.7.)
* Mergers
- Definition of merger, (Ch1A/Def-MandatoryContributions), (Ch15/SecVII/PtA)
- Merged plan treated as continuation of pre-merger plans, (Ch1A/Def-Mergers/PtA)
* Minimum distribution requirements pertaining to transfers received after RBD, see MINIMUM DISTRIBUTION RULES
* Partial termination issues that arise with plan mergers, see VESTING RULES
* Pension plan assets transferred to non-pension plan, (Ch6/SecIV/PtC.1.e.)
* Procedural issues relating to mergers or spin-offs, (Ch15/SecVII/PtB.6.1.)
* Protection of optional forms of benefit, see ANTI-CUTBACK RULE
* Qualification failures: more time under EPCRS to self-correct violations arising in merger and acquisition transactions, (Ch15/SecVI/PtB.2.b.(2))
* Reporting requirements for mergers, consolidations and transfers, see REPORTING REQUIREMENTS
* Section 401(k) plans involved in mergers, see ADP AND ACP TESTING, SECTION 401(k) PLANS
* Section 401(m) arrangements involved in mergers, see ADP AND ACP TESTING, SECTION 401(m) PLANS
* Short plan year for reporting purposes, see REPORTING REQUIREMENTS
* Spin-off
- ACP and ADP testing: effect of spin-off, (Ch11/SecXII/PtJ.4.)
- Defined benefit plans must satisfy special rules in spinoff transactions, (Ch1A/Def-Mergers/PtB)
- Definition of spin-off, (Ch1A/Def-MandatoryContributions), (Ch1A/Def-Mergers)
- Spin-off plan treated as continuation of that portion of the prior plan, (Ch1A/Def-Mergers/PtA)
* Surplus assets in defined benefit plans involved in spinoff transactions, (Ch1A/Def-Mergers/PtB)
* Tax issues involving transfer of assets, see TAXATION OF BENEFITS
* Title I of ERISA requirements for mergers and transfers, (Ch13A/SecVII/PtA.6.)
* Top heavy ratio, inclusion of transfers in, see TOP HEAVY RULES
* Transfer of assets or liabilities
- Definition of, (Ch1A/Def-MandatoryContributions)
- Pension plan assets transferred to non-pension plan, (Ch6/SecIV/PtC.1.e.)
- QJSA rules, application to transfers, see J&S RULES
- Section 415, treatment of transfers, (Ch16/SecII/PtH.6.b.)
* Treatment of new employer as continuation of old employer, (Ch15/SecVII/PtB.H1.)
* Vesting issues that arise in merger transactions, see VESTING RULES
* When a merger or transfer actually occurs, (Ch1A/Def-Mergers/PtA)
MILITARY SERVICE
* Accrual of benefits protected with respect to military service period, see ACCRUAL OF BENEFITS
* Checklist on USERRA requirements, (Ch15/SecIV/PtJ)
* Coverage testing, effect of makeup contributions, see COVERAGE TESTING
* Death or disability occurring during military service, see ACCRUAL OF BENEFITS, DEATH BENEFITS
* Deductibility of contributions made on account of military service period, see DEDUCTION LIMITS
* Elective deferral limit under §402(g): application to makeup contributions, (Ch1A/Def-ElectiveDeferral)
* Eligibility to participate, effect of military service period on, see ELIGIBILITY RULES
* HEART Act changes, (Ch3B/AppC/PtI)
* Makeup contributions, see SECTION 401(k) PLANS or SIMPLE PLANS
* Makeup matching contributions, see SECTION 401(m) PLANS
* Nondiscrimination testing, effect of military service, (Ch3A/SecIII/PtA.1.c.)
* Participant loans
- Suspension of loan repayments during military service periods, (Ch15/SecIV/PtJ)
* Uniformed Services Employment and Reemployment Rights Act of 1994,
- Accrual of benefits upon re-employment, see ACCRUAL OF BENEFITS
- Checklist of requirements, (Ch3B/SecVII/PtI)
- Eligibility to participate upon re-employment, see ELIGIBILITY RULES
- Excerpts from USERRA, (Ch15/SecIX/PtM)
- Regulations summarized, (Ch7/SecIX/PtC.6.)
- Vesting rights upon re-employment, see VESTING RULES
* Vesting rights, effect of military service period, see VESTING RULES
MINIMUM AGE AND SERVICE REQUIREMENTS, see ELIGIBILITY RULES
MINIMUM DISTRIBUTION RULES (IRC §401(a)(9))
* Account Balance Method for calculating minimum distributions, (Ch6/SecVII/PtD)
* Accruals continuing beyond RBD
- Effect on Account Balance Method calculations, (Ch6/SecVII/PtD.2.e.2))
- Effect on Annuity Distribution Method, (Ch6/SecVII/PtE.6.b.)
* Actuarial adjustment required when participants in defined benefit plan retire after 70½, (Ch6/SecVII/PtE.5.)
* Additional accruals in defined benefit plan after RBD, (Ch6/SecVII/PtE.6.b.)
* Aggregation of plans to satisfy minimum distribution not permitted, (Ch6/SecVII/PtJ)
- Exception for IRAs, (Ch6/SecVII/PtJ.2.)
- Exception for section 403(b) plans, (Ch6/SecVII/PtJ.3.)
- No aggregation of section 457(b) plans, (Ch6/SecVII/PtJ.4.)
* Annuity Distribution Method for calculating minimum distributions, (Ch6/SecVII/PtE)
- MDIB requirement sets limits on the permissible annuity payment period, (Ch6/SecVII/PtE.3.)
- Modification of annuity period after annuity starting date is permitted only under certain circumstances, (Ch6/SecVII/PtE.4.a.)
- Nonincreasing annuity requirement, (Ch6/SecVII/PtE.1.d.)
◆ Exceptions to nonincreasing payment rule, (Ch6/SecVII/PtE.4.b.)
. . . Additional exception for annuity contracts allows for acceleration of payments under more liberal rules, (Ch6/SecVII/PtE.4.b.8))
. . . De-risking program allowing retiree to elect lump sum, (Ch6/SecVII/PtE.4.b.4)a))
- Regulations mandate use of Annuity Distribution Method by defined benefit plans, (Ch6/SecVII/PtE.9.)
- Requirements for the annuity, (Ch6/SecVII/PtE.9.)
- When must the annuity commence? (Ch6/SecVII/PtE.2.)
* Applicable RMD Age, (Ch6/SecVII/PtB.1.)
* Calculation of minimum distributions during participant's lifetime
- Actuarial adjustment required under DB plan when participants in defined benefit plan retire after 70½, (Ch6/SecVII/PtE.5.)
- Defined benefit plan calculation (Annuity Distribution Method), (Ch6/SecVII/PtE)
- Defined contribution plan calculation (Account Balance Method), (Ch6/SecVII/PtD)
◆ Annuity option available, (Ch6/SecVII/PtD.7.)
- Designated beneficiary, see Designated beneficiary below
- Life expectancy factor, (Ch6/SecVII/PtD.3.)
◆ Tables of life expectancy factors, (Ch17/SecIII/PtA.1.)
- No credit given for distributing more than minimum amount in a prior year, (Ch6/SecVII/PtD.7.)
- Qualified longevity annuity contract ("QLAC"), (Ch6/SecVII/PtD.2.h.)
- Rollovers and transfers, see Rollovers and transfers below
- Separate accounts or separate shares, (Ch6/SecVII/PtH)
- Tables showing minimum distribution calculations under Account Balance Method, (Ch6/SecVII/PtD.7.)
- Valuing the account balance to determine the participant's minimum distribution, (Ch6/SecVII/PtD.2.)
* Church plans, see Required beginning date below
* Corrective distributions are not counted toward satisfying RMDs, (Ch6/SecVII/PtD.1.d.)
* Death of participant: minimum distributions requirements to beneficiaries
- Death after RBD, (Ch6/SecVII/PtD.2.) (Account Balance Method), (Ch6/SecVII/PtD.8.) (Annuity Distribution Method)
- Death before RBD, (Ch6/SecVII/PtF)
◆ Five-year payment rule, (Ch6/SecVII/PtF.2.)
. . . Effect of waiver of MRD requirements for 2009 and 2020, (Ch6/SecVII/PtF.2.d.)
◆ Life expectancy rule: periodic payments over beneficiary's life expectancy, (Ch6/SecVII/PtF.3.)
◆ Roth IRA owner always treated as dying before RBD to determine post-death minimum distributions, (Ch6/SecVII/PtF.6.a.)
◆ Surviving spouse as sole designated beneficiary: special rules, (Ch6/SecVII/PtF.3.b.2))
- Designated beneficiary, see Designated beneficiary below
- Multiple beneficiaries, (Ch6/SecVII/PtC.5.)
◆ Separate accounts (or separate shares) for different beneficiaries, (Ch6/SecVII/PtH)
- Nonspouse beneficiary rollover to inherited IRA to complete minimum distributions, (Ch6/SecVII/PtM.3.)
- SECURE Act - 10 year-rule for non-eligible designated beneficiaries, (Ch6, SecVII/PtF.3)
- Tables showing minimum distribution calculations under Account Balance Method, (Ch6/SecVII/PtD.7.)
- TEFRA election, (Ch6/SecVII/PtI)
- Trust as beneficiary, (Ch6/SecVII/PtC.3.)
◆ Contingent (remainder) beneficiaries under trust, (Ch6/SecVII/PtC.5.b.)
◆ Copy of trust or certification of beneficiaries must be provided to plan, (Ch6/SecVII/PtC.3.c.)
◆ May be revocable until participant's death, (Ch6/SecVII/PtC.3.)
* Deemed IRA accounts: application of minimum distribution rules, (Ch12/SecIX/PtG.4.g.)
* Defined benefit plan: calculating minimum distributions under the Annuity Distribution Method, (Ch6/SecVII/PtE)
- Account Balance Method may be used on limited basis after 2005, (Ch6/SecVII/PtE.9.)
- Actuarial adjustment required when participants in defined benefit plan retire after 70½, (Ch6/SecVII/PtE.5.)
* Defined contribution plan: calculating minimum distributions under the Account Balance Method, (Ch6/SecVII/PtD)
- Annuity Distribution Method may be used instead, (Ch6/SecVII/PtD.2.)
- Joint and survivor annuity rules might require use of Annuity Distribution Method where proper spousal consent not obtained, (Ch6/SecVII/PtD.2.)
* Delays in making minimum distributions excused for QDRO determinations and insurer delinquency proceedings, (Ch6/SecVII/PtL.1.)
* De-risking strategy: lump sums made available to retirees in pay status will not violate Annuity Distribution Method, (Ch6/SecVII/PtE.4.b.4)a))
* Designated beneficiary
- Authorizing another person to change beneficiaries after employee's death, (Ch6/SecVII/PtC.4.e.)
- Determined as of September 30 of year following year of participant's death, (Ch6/SecVII/PtC.4.)
- Identification of designated beneficiary, (Ch6/SecVII/PtC), (Ch6/SecVII/PtC.4.)
- Multiple beneficiaries, (Ch6/SecVII/PtC.5.)
- Organization named as beneficiary, (Ch6/SecVII/PtC.2.)
- Spouse as sole beneficiary, (Ch6/SecVII/PtA.7.)
- Trust named as beneficiary: treatment of underlying beneficiaries, (Ch6/SecVII/PtC.3.)
◆ Documentation requirements, (Ch6/SecVII/PtC.3.)
◆ Participant treated as having no designated beneficiary if trust fails to satisfy regulatory requirements, (Ch6/SecVII/PtC.3.j.)
◆ Qualification of plan protected if discrepancies in trust result in underpayment of minimum distributions, (Ch6/SecVII/PtC.3.k.)
◆ Trust may be revocable until participant's death (i.e., testamentary trust is permissible), (Ch6/SecVII/PtC.3.)
* Disqualification for failure to comply with minimum distribution rules, (Ch6/SecVII)
- Defined benefit plans: possible contribution requirement, (Ch15/SecVI/PtC.5.)
- EPCRS program available for resolution of certain late minimum distributions, (Ch6/SecVII), (Ch15/SecVI/PtC.5.)
* Distribution calendar year is a year when a minimum distribution is required, (Ch6/SecVII/PtA.7.)
* Distributions that do not count toward satisfying RMDs, (Ch6/SecVII/PtD.1.e.)
* Entire accrued benefit considered when computing minimum distributions, (Ch6/SecVII/PtD.2.) (Account Balance Method), (Ch6/SecVII/PtD.2.) (Annuity Distribution Method)
* EPCRS program may be available to correct violations, (Ch6/SecVII)
* Excise tax for failure to comply, (Ch6/SecVII/PtN)
- Automatic waiver for certain beneficiaries, (Ch6/SecVII/PtN.2.c.)
- EPCRS program may be used to request waiver of penalty, (Ch6/SecVII/PtN.2.b.)
- Waiver of 2009 RMDs for defined contribution plans, (Ch6/SecVII/PtN.4.)
- Waiver of 2020 RMDs for defined contribution plans, (Ch6/SecVII/PtT.8.d.)
* Five-year distribution rule following participant's death, see Death of participant above
* Governmental plans, see Required beginning date below
* Incidental death benefits required, see MDIB requirement below
* IRAs
- Frequently used to make minimum distributions, (Ch6/SecVII/PtP)
- Nonspouse beneficiary rollover to IRA to satisfy minimum distribution requirements, (Ch6/SecVII/PtM.3.)
- Required beginning date, (Ch6/SecVII/PtB.2.)
- Roth IRA not subject to minimum distribution rules until after death of IRA owner, (Ch6/SecVII/PtB.2.c.)
- Surviving spouse's election to treat IRA as own, (Ch6/SecVII/PtM.2.)
* Joint and survivor annuity rules
- Defined contribution plan may need to use Annuity Distribution Method because spousal consent not obtained for non-QJSA distribution, (Ch6/SecVII/PtK.2.)
- Maximum survivor percentage where survivor annuitant is not spouse, (Ch6/SecVII/PtE.3.c.)
- Table of maximum survivor percentages, (Ch6/SecVII/PtD.8.)
* Joint life expectancy period, see Calculation of minimum distributions above
* Life expectancy period, see Calculation of minimum distributions above
* Life expectancy tables, (Ch17/SecIII/PtA.1.)
- Revised tables to reflect updated mortality assumptions, (Ch6/SecVII/PtD.3.), (Ch6/SecVII/PtD.7.), (Ch17/SecIII/PtA.1.)
* Life insurance contracts
- Delay in making minimum distributions because insurer is in state delinquency proceedings, (Ch6/SecVII/PtL.1b.)
* Makeup distributions made by December 31, 1997, for failure to follow terms of plan because of law change, see Required beginning date below
* MDIB requirement, (Ch6/SecVII/PtE.3.) (Annuity Distribution Method)
- Satisfied through use of uniform factor table under Account Balance Method, (Ch6/SecVII/PtD.3.), (Ch6/SecVII/PtD.7.)
* Missing participants: IRS will not challenge late RMD if proper search methods have been employed, (Ch6/SecVII/PtL.2.)
- Applies to 403(b) plans, too, (Ch6/SecVII/PtL.2.a.)
* Model amendments
- 2002 regulations, (Ch6/SecVII/PtQ.3.c.)
- 2001 regulations, (Ch6/SecVII/PtQ.1.c.)
- Waiver of 2009 RMDs, (Ch6/SecVII/PtS.3.)
- Waiver of 2020 RMDs, (Ch6/SecVII/PtT.8.d.)
* Nondiscrimination testing issues with respect to the availability of minimum distribution options after Applicable RMD Age, (Ch9/SecX/PtB.6.)
* Nonspouse beneficiary may rollover to IRA, if IRA is treated as inherited IRA for payment of minimum distributions, (Ch7/SecXIV/PtD.11.)
* Nonvested benefits at RBD
- Effect on Account Balance Method calculations, (Ch6/SecVII/PtD.2.e.2))
- Effect on Annuity Distribution Method, (Ch6/SecVII/PtE.6.b.)
* Post-death minimum distributions, (Ch6/SecVII/PtD.2.), (Ch6/SecVII/PtD.8.), (Ch6/SecVII/PtF), (Ch6/SecVII/PtD.8.)
* QDROs: application of minimum distribution rules, (Ch6/SecVII/PtO)
- Delays in making minimum distributions because of QDRO determination period, (Ch6/SecVII/PtL.1.a.), (Ch6/SecVII/PtO.5.)
* Qualified longevity annuity contracts (QLACs), (Ch6/SecVII/PtD.2.h.)
- Death benefit restrictions, (Ch6/SecVII/PtD.2.h.2)e))
- Excess premiums: correction method, (Ch6/SecVII/PtD.2.h.2)a)iv))
- IRAs: special rules for QLACs, (Ch6/SecVII/PtD.2.h.5))
- Premium limitations, (Ch6/SecVII/PtD.2.h.2)a))
◆ Aggregate premium dollar limit table, (Ch17/SecII/PtR)
- Return of premium feature permitted, (Ch6/SecVII/PtD.2.h.2)d)i))
- Roth IRAs exempt from limitations, (Ch6/SecVII/PtD.2.h.6))
* Regulations issued in 1987, 2001, 2002, 2004, and 2020 (Ch6/SecVII)
- Effective date of the various regulations, (Ch6/SecVII)
- Implementing the 2002 and 2004 regulations, (Ch6/SecVII/PtQ)
- Model amendments for adoption of regulations by qualified plan, (Ch6/SecVII/PtQ.3.c.)
◆ Defined benefit plans have delayed deadline to adopt IRC §401(a)(9) amendments, (Ch6/SecVII/PtQ.3.a.)
- Transition to 2002 and 2004 regulations, (Ch6/SecVII/PtQ)
* Required beginning date (RBD), (Ch6/SecVII/PtB)
- 5% owner rule, (Ch6/SecVII/PtB.1.b.)
◆ How to determine if employee is 5% owner, (Ch6/SecVII/PtB.1.d.)
- Definition of RBD, (Ch6/SecVII/PtB)
- Employee who is not 5% owner, (Ch6/SecVII/PtB.1.)
- Governmental plans not subject to 5% owner rule, (Ch6/SecVII/PtB.1.b.3))
- IRAs: RBD definition, (Ch6/SecVII/PtB.2.)
- Section 403(b) plans, (Ch6/SecVII/PtB.3.)
- Section 457 plans, (Ch6/SecVII/PtB.3.)
- Small Business Job Protection Act of 1996 (SBJPA): effect of changes to RBD definition, (Ch6/SecVII/PtB.4.)
- Waiver of minimum distribution requirements for 2020 does not affect RBD determination, (Ch6/SecVII/PtB.5.)
- When does employee reach 70½? (Ch6/SecVII/PtB.1.c.)
- When has an employee retired? (Ch6/SecVII/PtB.1.e.)
* Retirement for required beginning date purposes, see Required beginning date above
* Rollover of minimum distributions not permitted, (Ch7/SecIV/PtB.2.)
- Effect of waiver of 2009/2020 minimum distributions from defined contribution plans and IRAs, (Ch7/SecIV/PtB.2.d.)
* Rollovers and transfers: treatment by distributing and receiving plans for minimum distribution purposes
- Determining amount of distribution that is ineligible for rollover if distribution is taken in a distribution calendar year, (Ch6/SecVII/PtG.5.)
◆ Lump sum payments from defined benefit plans, (Ch6/SecVII/PtG.5.a.)
- Direct transfer to another plan does not satisfy minimum distribution requirement under transferor plan, (Ch6/SecVII/PtG.4.)
- Recipient plan: effect of rollovers and transfers on minimum distributions from the recipient plan, (Ch6/SecVII/PtG.2.)
- Rollovers in year where distribution is required, (Ch6/SecVII/PtG.3.)
- Spousal rollover: effect on minimum distributions, (Ch6/SecVII/PtM.1.)
- Spouse may rollover even though participant and/or spouse had reached RBD, (Ch6/SecVII/PtM.1.c.)
- Waiver of 2020 RMDs for defined contribution plans: liberal rollover options, (Ch6/SecVII/PtG.3.a.5)a))
*Roth accounts not subject to minimum distribution rules until after death,(Ch6/SecVII/PtF.7.)
* Roth IRA: minimum distribution requirements not applicable until after death of IRA owner, (Ch6/SecVII/PtB.2.c.)
- Roth IRA owner always treated as dying before RBD to determine post-death minimum distributions, (Ch6/SecVII/PtF.6.a.)
* Section 403(b) plans: application of minimum distribution rules, (Ch16/SecII/PtF.1.)
- Aggregation rules, (Ch6/SecVII/PtJ.3.)
* Section 457 plans must comply with minimum distribution rules, (Ch16/SecIIIV/PtA.6.)
- No aggregation rules, (Ch6/SecVII/PtJ.4.)
* Separate accounts or separate shares: effect on calculation of minimum distributions, (Ch6/SecVII/PtH)
- Deadline for establishing separate accounts/shares, (Ch6/SecVII/PtH.2.)
- IRAs may be divided into separate IRAs for multiple beneficiaries, (Ch6/SecVII/PtH.6.)
- Life Expectancy Factor determination under Account Balance Method, (Ch6/SecVII/PtH.3.)
* Small Business Job Protection Act of 1996: effect of changes to RBD definition, see Required beginning date above
* Surviving spouse
- Election to treat IRA as own, (Ch6/SecVII/PtM.2.)
- Rollover by spouse: application of minimum distribution rules, (Ch6/SecVII/PtM.1.)
- Special distribution rules for surviving spouses, (Ch6/SecVII/PtM.1.)
- Spouse as sole beneficiary, (Ch6/SecVII/PtA.8.)
* Taxability of minimum distributions, (Ch7/SecIII/PtG)
- Application of basis recovery rules to minimum distributions, (Ch7/SecIII/PtG)
* TEFRA election (TEFRA §242(b)(2)), (Ch6/SecVII/PtI)
- Death of participant: payment under TEFRA election, (Ch6/SecVII/PtI)
- Election is specific to the plan under which it was made, (Ch6/SecVII/PtI.4.)
- Election could not relate solely to death distributions, (Ch6/SecVII/PtI.3.)
- Election under transferee plan may not apply to benefits under transferor plan, (Ch6/SecVII/PtI.4.d.)
- In-service withdrawal does not revoke election, (Ch6/SecVII/PtI.2.c.)
- Revocation or modification of election triggers make-up distribution requirement, (Ch6/SecVII/PtI.2.)
* Trust named as beneficiary, see Designated beneficiary above
* Valuation of account to determine minimum distribution under Account Balance Method, (Ch6/SecVII/PtD.2.)
- Exclusion of qualified longevity annuity contracts, (Ch6/SecVII/PtD.2.h.)
* Waiver of minimum distribution requirements for 2009 (defined contribution plans and IRAs), (Ch6/SecVII), (Ch6/SecVII/PtB.5.), (Ch6/SecVII/PtF.2.d.), (Ch6/SecVII)
- Amendment to reflect waiver required by end of 2011 plan year (2012 plan year for governmental plans), (Ch6/SecVII/PtS.1.)
- Plan document issues, (Ch6/SecVII)
- Sample plan amendments, (Ch6/SecVII/PtS.3.)
* Waiver of minimum distribution requirements for 2020 (defined contribution plans and IRAs), (Ch6/SecVIIPtT), (Ch6/SecVII/PtB.6.), (Ch6/SecVII/PtD.1.d.)
- Amendment to reflect waiver, (Ch6/SecVII/PtT)
MINIMUM FUNDING RULES
* Adoption of amendment within 2½ months after close of plan year may be taken into account for funding purposes, (Ch3B/SecVIII/PtA.4.), (Ch3B/SecVIII/PtE.2.)
* Alternative shortfall amortization schedules enacted by the Pension Relief Act of 2010, see Defined benefit plans: post-2007 funding rules below
* Amendment of money purchase or target benefit formula, (reducing formula to lessen funding obligation), (Ch3B/SecVIII/PtA.4.) (when amendments are recognized for funding purposes)
* Annual funding notice, see DISCLOSURE TO PARTICIPANTS AND BENEFICIARIES
* Application to IRS for approval of change in defined benefit funding method, (Ch3B/SecVIII/PtB.8.c.)
- Definition of change in funding method, (Ch3B/SecVIII/PtB.8.a.)
* At-risk plans, (Ch3B/SecVIII/PtB.5.)
* Automatic approval for certain changes affecting defined benefit funding calculations, (Ch3B/SecVIII/PtB.8.)
- Actuarial assumptions: changes normally don't require IRS approval, (Ch3B/SecVIII/PtB.8.a.3)
- Allocation of benefits resulting in changes to funding method, (Ch3B/SecVIII/PtB.8.b.5)d))
- Asset valuation method changes (Ch3B/SecVIII/PtB.8.b.1)a))
◆ Relief for 2008-2010 plan years, (Ch3B/SecVIII/PtB.8.b.1)c))
- Plan mergers, (Ch3B/SecVIII/PtB.8.b.3))
◆ De minimis mergers, (Ch3B/SecVIII/PtB.8.b.3)a))
◆ Other mergers, (Ch3B/SecVIII/PtB.8.b.3)c))
◆ Plans with same year, (ChrB/SecVIII/PtB.8.b.3)b))
- Restrictions on using automatic approvals, (Ch3B/SecVIII/PtB.8.b.4))
- Selection of data elements changes, (Ch3B/SecVIII/PtB.8.b.2)c))
- Takeover plans, (Ch3B/SecVIII/PtB.8.b.2)a))
- Terminated plans that are fully funded: certain changes automatically approved, (Ch3B/SecVIII/PtB.8.b.2)d))
- Transitional approvals, (Ch3B/SecVIII/PtB.8.b.5))
- Valuation date changes, (Ch3B/SecVIII/PtB.8.b.1)b))
◆ Relief for 2008-2010 plan years, (Ch3B/SecVIII/PtB.8.b.5)c))
- Valuation software changes, (Ch3B/SecVIII/PtB.8.b.2)b))
◆ Transition relief for pre-2018 years, (Ch3B/SecVIII/PtB.8.b.5)e))
* Bankruptcy issues relating to minimum funding, (Ch3B/SecVIII/PtG)
* Benefit limits triggered by underfunding (IRC §436), (Ch3B/SecVIII/PtK)
- Adjusted funding target attainment percentage (AFTAP) calculations, (Ch3B/SecVIII/PtK.1.a.)
- Amendments to the plan with respect to IRC §436, (Ch3B/SecVIII/PtK.11.)
- Certification of the plan's AFTAP, (Ch3B/SecVIII/PtK.6.)
- Distribution restrictions under IRC §436(d), (Ch3B/SecVIII/PtK.2.c.)
◆ Bifurcated distribution elections, (Ch3B/SecVIII/PtK.2.c.4)c))
- End-of-year valuation dates: AFTAP certification rules, (Ch3B/SecVIII/PtK.4.d.)
- Freezing of benefit accruals under IRC §436(e), (Ch3B/SecVIII/PtK.2.d.)
- Use of prior year percentage to determine if restriction applies to PY beginning between 10/1/08 and 9/30/09, (Ch3B/SecVIII/PtK.1.a.4)e))
- Funding target attainment percentage (FTAP) calculations, (FTAP), (Ch3B/SecVIII/PtK.1.a.) (AFTAP)
- MAP-21 rates: effect on AFTAP calculation, (Ch3B/SecVIII/PtK.1.a.2)d))
◆ Deferring use of HATFA rates, (Ch3B/SecVIII/PtB.3.b.2)a)), (Ch3B/SecVIII/PtK.1.a.2)d)), (Ch3B/SecVIII/PtK.1.a.2)e))
◆ Schedule SB reporting requirements, (Ch3B/SecVIII/PtK.1.a.2)e)v)C))
- Methods of avoiding or terminating the benefit restrictions, (Ch3B/SecVIII/PtK.9.)
- Notice to participants under ERISA §101(j), (Ch3B/SecVIII/PtK.12.)
◆ Content of notice, (Ch3B/SecVIII/PtK.12.f.)
◆ Interaction with ERISA §204(h), (Ch3B/SecVIII/PtK.12.c.)
◆ Method of providing notice, (Ch3B/SecVIII/PtK.12.e.)
◆ Who must receive the notice? (Ch3B/SecVIII/PtK.12.d.)
- Operational rules when limitations cease, (Ch3B/SecVIII/PtK.2.f.)
- Plans to which IRC §436 applies, (Ch3B/SecVIII/PtK.1.c.)
◆ Exception for new plans, (Ch3B/SecVIII/PtK.1.c.1))
- Present value of PBGC maximum guaranteed benefits (applies to distribution restrictions),
- Presumed underfunding under certain circumstances, (Ch3B/SecVIII/PtK.4.)
◆ Examples, (Ch3B/SecVIII/PtK.5.)
◆ Operation of plan during presumption periods, (Ch3B/SecVIII/PtK.8.)
- Reduction of credit balances under certain circumstances, (Ch3B/SecVIII/PtK.7.)
◆ Reversal of reduction due to application of MAP-21 rates, (Ch3B/SecVIII/PtK.1.a.2)g))
- Restrictions on benefit increases under IRC §436(c), (Ch3B/SecVIII/PtK.2.b.)
- Section 436 contributions to avoid restrictions, (Ch3B/SecVIII/PtK.9.a.)
◆ Use of excess 436 contributions due to application of MAP-21 rates in 2012 plan year, (Ch3B/SecVIII/PtK.1.a.)
. . . Similar elections for 2013 or 2014 plan year due to HATFA, (Ch3B/SecVIII/PtK.1.a.2)h)vi))
- Section 436 measurement date, (Ch3B/SecVIII/PtK.3.)
- Security provided to avoid certain restrictions, (Ch3B/SecVIII/PtK.9.b.)
- Suspension of unpredictable contingent benefits under IRC §436(b), (Ch3B/SecVIII/PtK.2.a.)
- Termination of plan while restrictions are in effect: ability to make final distribution of assets, (Ch3B/SecVIII/PtK.10.)
* Church plans: nonelecting church plans exempt from minimum funding requirements, (Ch3B/SecVIII/PtJ)
* Corporate bond yield curve segment rates, (Ch17/SecIII/PtC.1.c.)
- Adjustment for segment rate stabilization rule under MAP-21/HATFA, (Ch17/SecIII/PtC.1.c.(3))
- Spot rates, (Ch17/SecIII/PtC.1.c.(2))
- Unadjusted for segment rate stabilization rule under MAP-21/HATFA, (Ch17/SecIII/PtC.1.c.(1))
* Credit balances for minimum funding purposes, (Ch3B/SecVIII/PtB.6.)
* Deficit reduction contribution, see Defined benefit plans below
* Defined benefit plans: pre-2008 funding rules, (Ch3B/SecVIII/PtB.9.)
* Defined benefit plans: post-2007 funding rules (PPA 2006), (Ch3B/SecVIII/PtB)
- Actuarial assumptions, (Ch3B/SecVIII/PtB.9.)
◆ Interest rates generally based on 3-segment yield curve, (Ch3B/SecVIII/PtB.8.)
◆ Mortality tables, (Ch3B/SecVIII/PtB.4.)
- Airline businesses: alternative funding schedule, (Ch3B/SecVIII/PtB.1.f.)
- At-risk plans, (Ch3B/SecVIII/PtB.5.)
- Basic funding terms, (Ch3B/SecVIII/PtB1.a.)
- Credit balances, (Ch3B/SecVIII/PtB.6.)
◆ Application of credit balance to offset minimum required contributions, (Ch3B/SecVIII/PtB.6.d.)
◆ Funding standard carryover balance, (Ch3B/SecVIII/PtB.6.b.)
◆ Prefunding balance, (Ch3B/SecVIII/PtB.6.a.)
◆ Transition rules for plans electing alternative amortization schedules under Pension Tax Relief Act of 2010, (Ch3B/SecVIII/PtB.8.a.4)b))
- Examples illustrating present value calculations for minimum funding purposes, (Ch3B/SecVIII/PtB.2.g.)
- Funding target, (Ch3B/SecVIII/PtB1.a.)
- Funding-based benefit restrictions, see Benefit limits triggered by underfunding
- Interest rate assumptions, (Ch3B/SecVIII/PtB.8.)
- Mortality assumptions, (Ch3B/SecVIII/PtB.4.)
- Probability of benefit payments in single sum or other optional forms, (Ch3B/SecVIII/PtB.2.c.)
- Shortfall amortization charge, (Ch3B/SecVIII/PtB.1.b.)
◆ Alternative amortization schedules permitted for certain 2008-2011 plan years, (Ch3B/SecVIII/PtB.1.b.4))
- Target normal cost, (Ch3B/SecVIII/PtB.1.a.2))
- Valuation rules, (Ch3B/SecVIII/PtB.8.)
◆ IRS approval of certain changes, (Ch3B/SecVIII/PtB.8.)
◆ Valuation date, (Ch3B/SecVIII/PtB.7.a.)
- Waiver amortization charge, (Ch3B/SecVIII/PtB.1.c.)
* Defined contribution plans, (Ch3B/SecVIII/PtA)
* Definition of minimum funding requirement, (Ch1A/Def-MandatoryContributions)
* Effective rate of interest, (Ch3B/SecVIII/PtB.3.d.)
* Excise taxes
- Failure to satisfy minimum funding requirements, (Ch3B/SecVIII/PtD.3.)
- Liquidity shortfall, (Ch3B/SecVIII/PtD.2.e.1))
* Extension on employer's tax return does not delay minimum funding deadline, (Ch7/SecXVIV/PtE.3.)
* Forfeitures might reduce minimum contribution requirement under a defined contribution plan, (Ch3B/SecVIII/PtA.3.)
* Fully-insured plan (IRC §412(e)(3) (post-2007)/IRC §412(i) (pre-2008))
- Conversion of a plan to a fully-insured plan, (Ch3B/SecVIII/PtF.3.)
- Definition of fully-insured plan, (Ch1A/Def-FullyInsuredPlan)
- Exemption from minimum funding rules for fully-insured plan, (Ch3B/SecVIII/PtF)
- Fully-insured plan requirements, (Ch3B/SecVIII/PtF.1.)
- Nontrusteed, (Ch1B/Def-Trust)
* Funding based benefit restrictions, see Benefit limits triggered by underfunding above
* Funding deficiency/unpaid minimum required contributions: amount subject to excise tax, (Ch3B/SecVIII/PtD.3.a.)
* Funding waivers, (Ch3B/SecVIII/PtC)
- Model notice of funding waiver application, (Ch3B/AppD)
- Section 415 treatment of contributions, (Ch16/SecII/PtH.6.b.)
- Submission checklist, (Ch3B/AppD)
- Waiver procedure, (Ch3B/SecVIII/PtC.2.)
* Future changes in benefit generally may not be anticipated, (plan provisions taken into account), (Ch3B/SecVIII/PtB.1.a.6))
- Amendments adopted within 2½ months after close of plan year, (Ch3B/SecVIII/PtA.4.)
- Collective-bargaining plan exception (pre-2008 years), (Ch3B/SecVIII/PtB.1.a.6))
- GATT amendments exception, (Ch5/SecIII/PtE.1.a.6))
* Governmental employers exempt from minimum funding requirements, (Ch3B/SecVIII/PtJ)
* Insurance contracts: how they are taken into account for minimum funding purposes, (Ch3B/SecVIII/PtB.1.a.5))
* Interest rates used in funding calculations, (Ch3B/SecVIII/PtB.8.)
- 30-year Treasury rates, (Ch17/SecIII/PtC.1.b.)
- Composite corporate bond rate, (Ch17/SecIII/PtC.1.a.)
- Corporate bond yield curve segment rates, (Ch17/SecIII/PtC.1.a.)
- Effective rate of interest, (Ch3B/SecVIII/PtB.3.d.)
- MAP-21 rates, see Segment rate stabilization rule below
- Segment rate calculations, (Ch3B/SecVIII/PtB.3.a.)
- Segment rate stabilization rule (MAP-21/HATFA rates), (Ch3B/SecVIII/PtB.3.b.2)), (Ch17/SecIII/PtC.1.c.(3))
◆ Applicable minimum and maximum percentages, (Ch3B/SecVIII/PtB.3.b.2)b))
◆ Election requirements to defer application, (MAP-21), (Ch3B/SecVIII/PtB.3.b.2)a)i)) (HATFA)
◆ MAP-21 rates not applicable to certain rules where segment rates are used, (Ch3B/SecVIII/PtB.3.b.2)e))
◆ Schedule SB reporting, (Ch3B/SecVIII/PtB.3.b.2))
- Weighted average interest rates, (Ch17/SecIII/PtC.3.)
◆ Using 30-year Treasury rate benchmark, (Ch17/SecIII/PtC.3.b.)
◆ Using long-term corporate bond benchmark, (Ch17/SecIII/PtC.3.a.)
* IRC §436 benefit restrictions, see Benefit limits triggered by underfunding
* Liquidity shortfall, (Ch3B/SecVIII/PtD.2.e.1))
* MAP-21/HATFA segment rates, (Ch3B/SecVIII/PtB.3.b.2)), (Ch3B/SecVIII/PtK.1.a.2)d)) Also see Interest rates used in funding calculations and Benefit limits triggered by underfunding above
* Mortality assumptions, (Ch3B/SecVIII/PtB.4.)
- Mortality tables, (Ch3/SecVIII/PtB.4.a.)
◆ Updated for 2018 and later, (Ch3B/SecVIII/PtB.4.a.2)a)iv))
- Plan-specific tables, (Ch3B/SecVIII/PtB.4.b.)
◆ Credible mortality experience can be full or partial, (Ch3B/SecVIII/PtB.4.b.2)a))
* Moving Ahead for Progress in the 21st Century Act (MAP-21) segment rates, see Interest rates used in funding calculations and Benefit limits triggered by underfunding above
* Multiple employer plan: calculation of minimum funding requirements for participating employers, see MULTIPLE EMPLOYER PLAN
* Notice to participants of missed payments, (Ch13A/SecVI/PtF.2.a.)
* Quarterly contributions required for some defined benefit plans, (Ch3B/SecVIII/PtD.2.)
- Amount of required installment, (Ch3B/SecVIII/PtD.2.b.)
- Manner of satisfying quarterly contributions, (Ch3B/SecVIII/PtD.2.c.)
* Related employers have joint and several liability for minimum funding, (Ch3B/SecVIII/PtI)
* Reporting requirements to PBGC for certain underfunded plans, see REPORTING REQUIREMENTS
* Retroactive reduction of accrued benefit allowed for substantial business hardship, (Ch3B/SecVIII/PtA.4.)
* Shortfall amortization, (Ch3B/SecVIII/PtB.1.b.)
- Alternative amortization schedules permitted for certain 2008-2011 plan years, (Ch3B/SecVIII/PtB.1.b.4))
- Application of MAP-21 rates, (Ch3B/SecVIII/PtB.3.b.2)e)ii))
* Tax Relief Act of 2010, see Defined benefit plans: post-2007 funding rules above
* Termination of plan ends funding obligation, (Ch3B/SecVIII/PtH)
* Title I of ERISA minimum funding requirement, (Ch13A/SecVII/PtA.7.)
* Valuation of plan assets, (Ch3B/SecVIII/PtB.7.b.)
- Effect of MAP-21 rates, (Ch3B/SecVIII/PtB.3.be.2)e)i)C))
* Waivers, see Funding waivers above
* Weekend/holiday rule probably doesn't extend minimum funding deadline, (Ch7/SecXVIV/PtE.4.)
* Weighted average interest rate table, (Ch17/SecIII/PtC.3.)
* Yield curve, see Interest rates used in funding calculations above
MINIMUM PARTICIPATION TEST (IRC §401(a)(26)), see COVERAGE TESTING
MINORS AS BENEFICIARIES, see DEATH BENEFITS
MISSING PARTICIPANTS OR BENEFICIARIES
* Acceptable search methods, (Ch6/SecIV/PtG.4.)
* Default rollover procedures, (Ch6/SecIV/PtD.9.)
* Definition of a missing participant or beneficiary, (Ch1A/Def-MandatoryContributions)
* Diligent search requirements under PBGC rules, (Ch13A/SecV/PtF.10.b.4)) (Title IV DB Plans), (Ch13ASecV/PtF.10.c.4)) (electing DC plans), (Ch13A/SecV/PtF.10.d.4)) (electing non-Title IV DB plans)
* Forfeiture of benefits, see VESTING RULES
* Initial communications made after a substantial hiatus from plan, (Ch6/SecIV/PtD.9.c.)
* Minimum distributions delayed for missing participants, (Ch6/SecVII/PtL.2.)
* Multiemployer plans: certain terminated multiemployer plans must participate in PBGC missing participant program after 2017, (Ch13A/SecV/PtF.10.e.)
* Payout to deposit account, (Ch6/SecIV/PtD.9.b.)
* PBGC may receive plan benefits for missing participants under terminated defined benefit plan, (Ch13A/SecV/PtF.10.)
- Certain DB plans not covered by Title IV allowed to participate in missing participant program after 2017, (Ch13A/SecV/PtF.10.d.)
- Regulations redesign the missing participant program for post-2017 terminations, (Ch13A/SecV/PtF.10.a.)
* Plan termination procedures regarding missing participants, (Ch6/SecIV/PtG.4.), (Ch13A/SecV/PtF.10.) (PBGC rules), (Ch15/SecVIII/PtA.¶4.h.) (DC plans), (Ch15/SecVIII/PtB.¶4.h.) (DB plans)
* Terminated defined contribution plans, (Ch6/SecIV/PtG.4.), (Ch13A/SecV/PtF.10.c.)
- Optional program for participating in PBGC's missing participant program after 2017, (Ch13A/SecV/PtF.10.c.)
MONEY PURCHASE PLAN
* Accrual of benefits under a money purchase plan, see ACCRUAL OF BENEFITS
* Contribution formulas under a money purchase plan, see ACCRUAL OF BENEFITS
* Deduction limits for employer contributions, see DEDUCTION LIMITS
* Definitely determinable benefits requirement, (Ch1A/Def-MandatoryContributions), (Ch1A/Def-MoneyPurchasePlan)
* Definition of a money purchase plan, (Ch1A/Def-MandatoryContributions), (Ch1A/Def-MoneyPurchasePlan)
* Designation required by IRC §401(a)(27), (Ch3A/SecII/PtC.2.)
* Minimum funding requirements, (Ch1A/Def-EBSA)
* Permitted disparity formulas, (Ch1B/Def-PermittedDisparity)
* Pre-ERISA money purchase plan, see SECTION 401(k) PLANS
* Restrictions on money purchase plan distributions, see DISTRIBUTIONS
* Why employer might establish a money purchase plan, (Ch3A/SecII/PtC.4.)
* Zero percent contribution formula, (Ch3A/SecII/PtC.4.d.)
MOVING AHEAD FOR PROGRESS IN THE 21st CENTURY ACT, see MAP-21
MULTIEMPLOYER PENSION REFORM ACT OF 2014
* Summary of legislation, (Ch15/SecIX/PtT.¶1.)
MULTIEMPLOYER PLAN, see COLLECTIVELY-BARGAINED PLANS, FORM 5500 SERIES. MULTIEMPLOYER PENSION REFORM ACT OF 2014
MULTIPLE EMPLOYER PLAN
* Commonality rule, (Ch1A/Def-MultipleERPlan/PtB.1.a.2))
- Relaxed standard for Association Health Plans, (Ch1A/Def-MultipleERPlan/PtB.1.e.)
- Relaxed standard for defined contribution plans maintained by certain groups or associations of employer or by PEOs, (Ch1A/Def-MultipleERPlan/PtB.1.f.)
- Elimination of standard for PEPs. (Ch1A/Def- MultipleERPlan/PtB.1.f.)
* Coverage testing for multiple employer plans, (Ch1A/Def-MultipleEmployerPlan/PtA.5.) Also see COVERAGE TESTING
* Deduction rules as applied to participating employers in a multiple employer plan, (Ch1A/Def-MultipleEmployerPlan/PtA.6.)
* Definition of a multiple employer plan, (Ch1A/Def-MandatoryContributions)
* Eligibility rules: application to multiple employer plans, (Ch1A/Def-MultipleEmployerPlan/PtA.1.) Also see ELIGIBILITY RULES
* ERISA treatment of multiple employer plans, (Ch1A/Def-MultipleEmployerPlan/PtB)
- Commonality test, (Ch1A/Def-MultipleEmployerPlan/PtB.1.a.2))
- "Open" MEPs are not treated as a single plan for ERISA purposes,
- Valid multiple employer plans for ERISA purposes: how ERISA requirements apply, (Ch1A/Def-MultipleEmployerPlan/PtB.5.)
* Exclusive benefit rule: application to multiple employer plans, (Ch1A/Def-MultipleEmployerPlan/PtA.2.)
* Fiduciary risk mitigation through participation in a multiple employer plan, (Ch13B/SecII/PtI.5.)
* Form 5500 filing requirements, see FORM 5500 SERIES
* Minimum funding calculation for a multiple employer pension plan, (Ch1A/Def-MultipleEmployerPlan/PtA.6.), (Ch3B/SecVIII/PtB) (intro material)
- Using substitute mortality tables for multiple employer plan, (Ch3B/SecVIII/PtB.4.b.7))
* Multiemployer plan, see COLLECTIVELY-BARGAINED PLANS
* “One bad apple” rule
- Executive Order directs Treasury to modify rule to make MEPs more accessible (Ch1A/Def-MultipleEmployerPlans/PtA.7.a.)
* "Open" multiemployer plans (Open MEPs), (Ch1A/Def-MultipleEmployerPlan/PtB.4.)
* PEOs, proposal regarding maintenance of defined contribution MEP, (Ch1A/Def-MultipleERPlan/PtB.1.f.2))
* Pooled Employer Plan (PEP), (Ch1A/Def-MultipleERPlan/PtD)
* Pooled Plan Provider (PPP), (Ch1A/Def-MultipleERPlan/PtA.7.c.3.)
* Section 415 limits: application to multiple employer plan, (Ch1A/Def-MultipleEmployerPlan/PtA.4.), (Ch16/SecII/PtH.6.b.)
* Single plan rule, (Ch1A/Def-MultipleEmployerPlan/PtC)
- Allocation method that divides company contributions or forfeitures along company lines does not alone create separate plans, (Ch1A/Def-MultipleEmployerPlan/PtA.1.)
- Participant-directed defined contribution plans not treated as multiple plans, (Ch1A/Def-MultipleEmployerPlan/PtC.4.)
* State-sponsored multiple employer plan arrangements for private sector employers, (Ch13B/SecIV/PtF.19.c.)
* Tax code treatment of multiple employer plans, (Ch1A/Def-Mergers/PtA)
* Top heavy rules, application to multiple employer plans, see TOP HEAVY RULES
* Vesting rules: application to multiple employer plans, (Ch1A/Def-MultipleEmployerPlan/PtA.3.) Also see VESTING RULES