Sample Proposal Letter Template And Specifications Page 2
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10Retirement Plan Proposal: XYZ Corporation
PROPOSAL FOR THE RETIREMENT PLAN
FOR EMPLOYEES OF XYZ CORPORATION
Bid Specifications
1. Plan Name
Retirement Plan for the Employees of XYZ
Corporation
a. Qualified Plan?
Yes, Qualified Defined Benefit Plan
b. Sufficient Assets?
Assumed Yes
2. Purpose of Annuity Placement
Plan termination effective August 31,
20xx. All benefit accruals have been frozen
effective December 31, 20xx.
3. Contractholder Name
XYZ Corporation
a. Ongoing entity?
Assumed Yes
b. State of Issue
Texas
c. State of Residence
Assumed Texas
Pacific Life is not authorized to do
business in the state of New York.
Therefore, any covered New York
participants must be "incidental" in
numbers and importance to the total
covered participants. Incidental has been
determined to be less than 10% of total
participants. If there are 10% or more
residing in New York, this quote will be
invalid.
None
d. Premium Tax
OR
Assumed none; premium tax may be
charged later upon receipt of all
Participants states of residence.
For an annuity contract with at least 500
lives, state premium tax is determined by
an allocation method based on the number
of Participants residing in each state, to the
Retirement Annuities, Retirement Solutions Division
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Pacific Life Insurance Company, 700 Newport Center Drive, Newport Beach, CA 92660, (800) 800-7646
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