IMAGE DESCRIPTION
2005 Participant Notice Worksheet
Flowchart provides plan administrators with the necessary process to determine whether a participant notice is required.
if No then 2005 Participant Notice not Required
if Yes then next (item 2)
2. Is the plan's FCL Percentage at least 90% for either:
(a) 2005 (using 100% Weighted Corporate Rate), or
(b) 2004 (using 120% Weighted Treasury Rate)?
if Yes then 2005 Participant Notice not Required
if No then next (item 3)
3. Is the plan's FCL Percentage at least 80% for the 2005 plan year (using 100% Weighted Corporate Rate) and
(a) at least 90% for both
(i) 2004 (using 100% Weighted Corporate Rate or 120% Weighted Treasury Rate), and
(ii) 2003 (using 100% Weighted Corporate Rate or 120% Weighted Treasury Rate), or
(b) at least 90% for both
(i) 2003 (using 100% Weighted Corporate Rate or 120% Weighted Treasury Rate), and
(ii) 2002 (using 100% Weighted Corporate Rate or 105% Weighted Treasury Rate)?
if Yes then 2005 Participant Notice not Required
if No then next (item 4)
4. Is the plan's FCL Percentage at least 80% for the 2004 plan year (using 120% Weighted Corporate Rate) and
(a) at least 90% for both
(i) 2003 (using 120% Weighted Treasury Rate),and
(ii) 2002 (using 105% Weighted Treasury Rate), or
(b) at least 90% for both
(i) 2002 (using 105% Weighted Treasury Rate), and
(ii) 2001 (using 105% Weighted Treasury Rate)?
if Yes 2005 Participant Notice not Required
if No then 2005 Participant Notice Required
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