Just want to verify a few things:
Under Aggregate and FIL methods:
1. The NC can be determined as a level dollar amount even if the benefit formula is salary-related;
2. The level temporary annuity in the denominator is the average of all active participants' level temporary annuities.
Thank you!
Under Aggregate and FIL methods:
1. The NC can be determined as a level dollar amount even if the benefit formula is salary-related;
2. The level temporary annuity in the denominator is the average of all active participants' level temporary annuities.
Thank you!
Farber's Manual, NC determined as a level dollar amount
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