BenefitsLink Message Boards > AFTAP and EOY val

BenefitsLink Message Boards > Retirement Plans > Defined Benefit Plans, Including Cash Balance

Sus95

Feb 11 2008, 03:16 PM

Has anyone worked on the calculation of the AFTAP for an EOY val in accordance with Notice 2008-21? It appears you are allowed to use results from 2006 but are limited in adding back 2006 contributions. The Notice talks about a 90%/110% calculation to determine that limitation, but it seems a bit confusing. Any input would be appreciated.

zimbo

Feb 11 2008, 10:34 PM

I believe that this limit refers to the method of plan asset valuation. So, if you are using fair market value, then this limit should not apply. If you are using some sort of smoothing method, then you need to apply this 90%/110% calculation.

ak2ary

Feb 12 2008, 05:22 AM

I agree with Zimbo

Penman2006

Feb 12 2008, 03:42 PM

I agree with zimbo as well.

J4FKBC

Feb 12 2008, 04:33 PM

I agree and I think it's fun to say "zimbo"

Penman2006

Feb 12 2008, 06:45 PM

I agree that it's fun to say "zimbo".

Mike Preston

Feb 12 2008, 08:39 PM

zimbo, zimbo, zimbo

AndyH

Feb 13 2008, 02:19 PM

Hall of Fame candidate??

http://benefitslink.com/boards/index.php?showtopic=23084

ak2ary

Feb 13 2008, 05:22 PM

wow its even more fun to say zimbo when its not capitalized...thanks guys!

zimbo

Feb 13 2008, 10:00 PM

As the author of Zimbo, I am open to offers for naming rights....stadiums, concert halls and the like!!

This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.