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#1
09-17-2012, 11:16 AM
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Changing Asset Method - IRS Approval
I have a client with a qualified US DB plan that uses smoothed assets. Their investment adviser wants us to check into what needs to be done to change it to straight market value. (The investment adviser feels that the market will never drop again. Or he will always have a positive return.)
I disagree with the investment adviser but want to find out what the process is. Has anyone tried to get IRS approval for this? Is there a filing cost? 
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#3
09-19-2012, 01:28 PM
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Look at the latest IRS guidance on change in funding method. Don't forget to mention the substantial filing fee. $6,000 comes to mind.
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