2009 Instructions For Schedule Mb (Form 5500) Multiemployer Defined Benefit Plan And Certain Money Purchase Plan Actuarial Information (Page 5 of 6) in pdf

balance account in any age/service bin that contains fewer than

Code Type of Amortization Base

20 active participants.

Experience gain or loss

General Rule. In general, data to be shown in each age/

Shortfall gain or loss

service bin includes:

Change in unfunded liability due to plan amendment

1. the number of active participants in the age/service bin,

Change in unfunded liability due to change in

2. the average compensation of the active participants in

actuarial assumptions

the age/service bin, and

Change in unfunded liability due to change in

3. the average cash balance account of the active

actuarial cost method

participants in the age/service bin, using $0 for anyone who has

Waiver of the minimum funding standard

no cash balance account-based benefit.

Initial unfunded liability (for new plan)

If the accrued benefit is the greater of a cash balance benefit or

some other benefit, average in only the cash balance account.

Line 8a and 8d. Funding Waivers or Extensions. If a

If the accrued benefit is the sum of a cash balance account

funding waiver or extension request is approved after the

benefit and some other benefit, average in only the cash

Schedule MB is filed, an amended Schedule MB must be filed

balance account. For both the average compensation and the

with Form 5500 to report the waiver or extension approval (also

average cash balance account, do not enter an amount for age/

see instructions for line 9k(1)).

service bins with fewer than 20 active participants.

Line 8b. Schedule of Active Participant Data. Check “Yes”

In lieu of the above, two alternatives are provided for

only if this is a multiemployer plan covered by Title IV of ERISA

showing compensation and cash balance accounts. Each

that has active participants.

alternative provides for two age/service scatters (one showing

If line 8b is “Yes,” attach a schedule of the active plan

compensation and one showing cash balance accounts) as

participant data used in the valuation for this plan year. Use the

follows:

format shown below and label the schedule “Schedule MB,

Alternative A:

line 8b – Schedule of Active Participant Data.”

•

Scatter 1 — Provide participant count and average

Expand this schedule by adding columns after the “5 to 9”

compensation for all active participants, whether or not

column and before the “40 & up” column for active participants

participants have account-based benefits.

•

with total years of credited service in the following ranges: 10 to

Scatter 2 — Provide participant count and average cash

14; 15 to 19; 20 to 24; 25 to 29; 30 to 34; and 35 to 39. For

balance account for all active participants, whether or not

each column, enter the number of active participants with the

participants have account-based benefits.

specified number of years of credited service divided according

Alternative B:

to age group. For participants with partial years of credited

•

Scatter 1 — Provide participant count and average

service, round the total number of years of credited service to

compensation for all active participants, whether or not

the next lower whole number. Years of credited service are the

participants have account-based benefits (i.e., identical to

years credited under the plan’s benefit formula.

Scatter 1 in Alternative A).

Plans reporting 1,000 or more active participants on line

•

Scatter 2 — Provide participant count and average cash

2b(3)(c), column (1), and using compensation to determine

balance account for only those active participants with

benefits must also provide average compensation data. For

account-based benefits. If the number of participants with

each grouping, enter the average compensation of the active

account-based benefits in a bin is fewer than 20, the average

participants in that group. For this purpose, compensation is the

account should not be shown even if there are more than 20

compensation taken into account for each participant under the

active participants in this bin on Scatter 1.

plan’s benefit formula, limited to the amount defined under

section 401(a)(17) of the Code. Do not enter the average

In general, information should be determined as of the

compensation in any grouping that contains fewer than 20

valuation date. Average cash balance accounts may be

participants.

determined as of either:

Cash balance plans (or any plans using characteristic code

1. the valuation date or

1C on line 8a of Form 5500) reporting 1,000 or more active

2. the day immediately preceding the valuation date.

participants on line 2b(3)(c), column (1), must also provide

average cash balance account data, regardless of whether all

Average cash balance accounts that are offset by amounts

active participants have cash balance accounts. For each age/

from another plan may be reported either as amounts prior to

service bin, enter the average cash balance account of the

taking into account the offset, or as amounts after taking into

active participants in that bin. Do not enter the average cash

account the offset. Do not report the offset amount. For this or

Schedule MB, Line 8b—Schedule of Active Participant Data

YEARS OF CREDITED SERVICE

Under 1

1 to 4

5 to 9

40 & up

Attained

Age

Average

No.

Comp.

Cash Bal.

No.

Comp.

Cash Bal.

No.

Comp.

Cash Bal.

No.

Comp.

Cash Bal.

Under 25

25 to 29

30 to 34

35 to 39

40 to 44

45 to 49

50 to 54

55 to 59

60 to 64

65 to 69

70 & up

-49-

Instructions for Schedule MB (Form 5500)

2009 Instructions For Schedule Mb (Form 5500) Multiemployer Defined Benefit Plan And Certain Money Purchase Plan Actuarial Information Page 5

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