Form 14035 - Pilot Questionnaire For Governmental Plans Initiative Page 18
Download a blank fillable Form 14035 - Pilot Questionnaire For Governmental Plans Initiative in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 14035 - Pilot Questionnaire For Governmental Plans Initiative with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24Pilot Questionnaire for Governmental Plans Initiative
35. Code section 415 limits the maximum amount of a participant’s accrued benefit or the annual contribution
amount that can be allowed into a participant account.
Describe the policies and procedures that the Plan uses to track and limit benefits and contributions. If
applicable, the description should include the impact of benefits provided under DROPs (see Question 21)
and/or COLAs (see Question 28), if applicable.
36. Code section 415(n) allows a governmental plan to provide a participant with the opportunity to purchase
permissive service credit. Permissive service credit means credit for a period of service recognized by the
governmental plan which the participant has not received under the plan and which the employee receives
if the employee makes a voluntary contribution to the plan. The voluntary contribution is in addition to the
regular employee contributions, if any, under the plan and must not exceed the amount necessary to fund
the benefit attributable to the period of service.
If the Plan provides for the purchase of service pursuant to Code section 415(n), describe the policies and
procedures that the Plan uses to calculate the amount of the required contribution and to limit the purchase
of such credits to the types and levels provided for in the statute.
37. Does the Plan or System have policies and procedures that it uses to review its operation to determine that
it is operated in accordance with its Plan terms and applicable Federal statutory requirements.
Yes
No
If “Yes,” do they apply to the:
Plan
System
If “Yes,” (check all that apply):
Statute
Regulations
Policies
Procedures
Internal Audit
External Audit
Executive Audit
Legislative Committee Oversight
(Question continued on next page)
14035
Form
(Rev. 02-2009)
Catalog Number 52098A
Page 18
Department of the Treasury - Internal Revenue Service
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial