Instructions For Part I And Part Ii Of Form 5500

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LIST OF PLAN CHARACTERISTICS CODES FOR LINES 8a AND 8b
CODE
Defined Benefit Pension Features
2E
Profit-sharing.
2F
ERISA section 404(c) plan – This plan, or any part of it,
1A
Benefits are primarily pay related.
is intended to meet the conditions of 29 CFR 2550.404c-
1B
Benefits are primarily flat dollar (includes dollars per year
1.
of service).
2G
Total participant-directed account plan – Participants
have the opportunity to direct the investment of all the
1C
Cash balance or similar plan – Plan has a “cash balance”
assets allocated to their individual accounts, regardless
formula. For this purpose, a “cash balance” formula is a
of whether 29 CFR 2550.404c-1 is intended to be met.
benefit formula in a defined benefit plan by whatever
name (for example, personal account plan, pension
2H
Partial participant-directed account plan – Participants
equity plan, life cycle plan, cash account plan, etc.) that
have the opportunity to direct the investment of a portion
rather than, or in addition to, expressing the accrued
of the assets allocated to their individual accounts,
benefit as a life annuity commencing at normal
regardless of whether 29 CFR 2550.404c-1 is intended
retirement age, defines benefits for each employee in
to be met.
terms more common to a defined contribution plan such
2I
Stock bonus.
as a single sum distribution amount (for example, 10
percent of final average pay times years of service, or
2J
Code section 401(k) feature – A cash or deferred
the amount of the employee’s hypothetical account
arrangement described in Code section 401(k) that is
balance).
part of a qualified defined contribution plan that provides
for an election by employees to defer part of their
1D
Floor-offset plan – to offset for retirement benefits
compensation or receive these amounts in cash.
provided by an employer-sponsored defined contribution
plan.
2K
Code section 401(m) arrangement – Employee
contributions are allocated to separate accounts under
1E
Code section 401(h) arrangement – Plan contains
the plan or employer contributions are based, in whole or
separate accounts under Code section 401(h) to provide
in part, on employee deferrals or contributions to the
employee health benefits.
plan. Not applicable if plan is 401(k) with only QNECs
and/or QMACs. Also not applicable if Code sections
1F
Code section 414(k) arrangement – Benefits are based
403(b)(1), 403(b)(7), or 408 arrangement/accounts
partly on the balance of the separate account of the
annuities.
participant (also include appropriate defined contribution
2L
Code section 403(b)(1) arrangement.
pension feature codes).
2M
Code section 403(b)(7) accounts.
1G
Covered by PBGC – Plan is covered under the PBGC
insurance program (see ERISA section 4021).
Code section 408 accounts and annuities – See Limited
Pension Plan Reporting instructions for pension plan
1H
Plan covered by PBGC that was terminated and closed
2N
utilizing Code section 408 individual retirement accounts
out for PBGC purposes – Before the end of the plan year
or annuities as the funding vehicle for providing benefits.
(or a prior plan year), (1) the plan terminated in a
2O
ESOP other than a leveraged ESOP.
standard (or distress) termination and completed the
distribution of plan assets in satisfaction of all benefit
2P
Leveraged ESOP – An ESOP that acquires employer
liabilities (or all ERISA Title IV benefits for distress
securities with borrowed money or other debt-financing
termination); or (2) a trustee was appointed for a
techniques.
terminated plan pursuant to ERISA section 4042.
2Q
The employer maintaining this ESOP is an S corporation.
1I
Frozen plan – As of the last day of the plan year, the plan
provides that no participant will get any new benefit
2R
Participant-directed brokerage accounts provided as an
accrual (whether because of service or compensation).
investment option under the plan.
CODE
Defined Contribution Pension Features
2S
Plan provides for automatic enrollment in plan that has
elective contributions deducted from payroll.
2A
Age/service weighted or new comparability or similar
plan – Age/service weighted plan: Allocations are based
2T
Total or partial participant-directed account plan – plan
on age, service, or age and service. New comparability
uses default investment account for participants who fail
or similar plan: Allocations are based on participant
to direct assets in their account.
classifications and a classification(s) consists entirely or
predominantly of highly compensated employees; or the
CODE
Other Pension Benefit Features
plan provides an additional allocation rate on
compensation above a specified threshold, and the
3B
Plan covering self-employed individuals.
threshold or additional rate exceeds the maximum
threshold or rate allowed under the permitted disparity
3C
Plan not intended to be qualified – A plan not intended to
rules of Code section 401(l).
be qualified under Code sections 401, 403, or 408.
2B
Target benefit plan.
3D
Pre-approved pension plan – A master, prototype, or
volume submitter plan that is the subject of a favorable
2C
Money purchase (other than target benefit).
opinion or advisory letter from the IRS.
2D
Offset plan – Plan benefits are subject to offset for
3F
Plan sponsor(s) received services of leased employees,
retirement benefits provided in another plan or
as defined in Code section 414(n), during the plan year.
arrangement of the employer.
-19-
Instructions for Part I and Part II of Form 5500

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