
#261




Quote:

#263




Quote:
(5) The plan covers all active employees of the employer; there is no age or service requirement for participation. Thus, when referring to active employees, the terms “employee” and “participant” are synonymous. 
#264




Yes, I agree that it was of average difficulty.

#265




Yay, looking forward to my 5. Looking back, I clearly overthought some of these problems.

#269




Quote:
1/1/17 AFTAP = .68. If you can burn balance to get to 80% you do it. You cannot since you'd only get to .78. No burning of balance. 1/1/18 Presumed AFTAP = .68 = (1.3M  .35M)/Presumed FT. Implies PFT = 1,397,059. Now, can we burn balances to get to 80%? Yes. If balance is reduced to 182,353, we will hit 80% so we burn. As of 4/1, AFTAP has not been certified so we have a new presumed AFTAP of .70 and I think this might be the real key(trick) of the problem. We burned to get to 80% and now the haircut kicks in to take us down to 70%. Now, we must calculate a new Presumed FT based on 70%. .70 = (1.3M  182, 353)/PFT. Implies PFT = 1,596,639. Can we burn balances to get to 80%? Yes we can. If balances are reduced to 22,689 we will hit 80%. Hence, the 1/1/2018 PFB = 22,689. Answer choice A.
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ASA, MAAA RETPIRM RETDAU 
#270




I agree with your solution, theojd. I was in the midst of typing it up when you posted just now.

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