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Pre-PPA 4010 Gateway Test

ERISA section 4010 generally requires controlled groups to report to the PBGC if the aggregate unfunded vested benefits in plans maintained by the controlled group exceed $50 million (disregarding plans with no unfunded vested benefits) ("the 4010 Gateway Test"). The following table provides the applicable rates to be used for the 4010 Gateway Test.

On February 2, 2007, the Internal Revenue Service (IRS) published final regulations containing updated mortality tables for determining current liability under section 412(l)(7) of the Code and section 302(d)(7) of ERISA for plan years beginning on or after January 1, 2007. As a result, in accordance with section 4006(a)(3)(E)(iii) of ERISA, the interest rate to be used for the 4010 Gateway test for plan years ending on or after December 31, 2006 increases from 85 to 100 percent of the composite corporate bond rate.

Note - The Pension Protection Act of 2006 (PPA) replaces the $50 million 4010 Gateway test with a new Gateway test based on funding percentage. The new Gateway test uses a different interest rate basis and applies only to information years beginning after 2007. The interest rates on this page relate only to the pre-PPA Gateway test. See Technical Update 07-2 for more information.

Plan years

Interest rate to be used for 4010 Gateway Test

Ending on or after And before

June 30, 2008

July 31,2008

6.69%

May 31, 2008

June 30, 2008

6.47%

April 30, 2008

May 31, 2008

6.45%

March 31, 2008

April 30, 2008

6.46%

February 29, 2008

March 31, 2008

6.36%

January 31, 2008

February 29, 2008

6.16%

December 31, 2007

January 31, 2007

6.28%

November 30, 2007

December 31, 2007

6.14%

October 31, 2007

November 30, 2007

6.14%

September 30, 2007

October 31, 2007

6.23%

August 31, 2007

September 30, 2007

6.33%

July 31, 2007

August 31, 2007

6.33%

June 30, 2007

July 31, 2007

6.32%

May 31, 2007

June 30, 2007

6.01%

April 30, 2007

May 31, 2007

5.98%

March 31, 2007

April 30, 2007

5.84%

February 28, 2007

March 31, 2007

5.85%

January 31, 2007

February 28, 2007

5.89%

December 31, 2006

January 31, 2007

5.75%

November 30, 2006

December 31, 2006

4.90%

October 31, 2006
November 30, 2006
5.05%

September 30, 2006

October 31, 2006

5.06%

August 31, 2006

September 30, 2006

5.19%

July 31, 2006

August 31, 2006

5.36%

June 30, 2006

July 31, 2006

5.36%

May 31, 2006

June 30, 2006

5.35%

April 30, 2006

May 31, 2006

5.25%

March 31, 2006

April 30, 2006

5.01%

February 28, 2006

March 31, 2006

4.87%

January 31, 2006

February 28, 2006

4.80%.

December 31, 2005

January 31, 2006

4.86%.

Last Updated: April 27, 2017