Defined benefit plans

At Last – IRS Enhances Defined Benefit Plans.

Topics: Defined benefit plans, IRS, Qualified Plans, Regulation

The IRS issued final regulations that enhance DB plans by allowing them to offer participants the option to select distributions partly in an annuity form and partly in a single lump sum. These regulations allow plans to bifurcate the accrued benefit and apply the present value requirement of Internal Revenue Code (“Code”) §417(e)(3) only to…