Funding Target | Strategic Benefits Advisors

The present value (determined as of the date of the Actuarial Valuation) of all benefits under the pension plan that have accrued as of the first day of the Plan Year based on prescribed actuarial assumptions and cost methods.

Glossary: AFTAP
Glossary: FTAP
SBA publishes guidance on which CARES Act provisions require immediate action by health and retirement plan sponsors
Plan sponsors will need to coordinate with healthcare providers immediately to begin complying with the law's mandatory provisions. While most retirement plan provisions are optional, they are nonetheless time-sensitive and call for coordination with the plan sponsor's recordkeeper and actuary.

Related Terms:

Term: Actuarial Valuation
Term: Pension
Term: Plan Year