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Full Version: When did the law change on Money Purchase Plans, allowing plans to reallocate forfeitures (instead of using them to offset the employer contribution)?

BenefitsLink Message Boards > Retirement Plans > Retirement Plans in General

bzorc

Dec 19 2003, 04:45 PM

I have drawn a blank: When did the law change, regarding Money Purchase Plans, that allowed you to reallocate forfeitures instead of using them to offset the employer contribution. I think it was effective in 1993, but can't find the technical side behind it.

Thanks for any replies.

mbozek

Dec 21 2003, 05:41 PM

try 1987

mwyatt

Dec 21 2003, 09:24 PM

TRA '86 made this change if you're looking for a reference.

Mike Preston

Dec 21 2003, 10:49 PM

Section 1119(a) of P.L. 99-514 (TRA'86) amended Code Section 401(a)(8) to strike "pension plan" and insert "defined benefit plan". Effective for plan years after 12/31/1985.

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