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Long Description for Technical Update 05-1


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2005 Participant Notice Worksheet

Flowchart provides plan administrators with the necessary process to determine whether a participant notice is required.



  1. 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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Last Updated: April 27, 2017