Examples of Participant Count Date in a sentence
This may happen, for example, if your plan is a New Plan that grants no past service credits, so that there are no Benefit Liabilities on the Participant Count Date.
Regardless of whether the Lookback Rule applies, this date is called the UVB Valuation Date to distinguish it from the Participant Count Date (see “How to Count Participants” section).So, for plans using the Lookback Rule, the UVB Valuation Date is the valuation date used to determine the minimum required contribution (i.e., “the funding valuation date”) for the Lookback Year.
For 2023, the applicable rates are:▪ $96 for Single-employer Plans other than CSEC Plans,▪ $19 for CSEC Plans, and▪ $35 for Multiemployer Plans.(2) Participant count – Report the number of Participants covered by the plan on the Participant Count Date separately for active Participants, terminated vested Participants, retirees and beneficiaries receiving payment, and in total.
See special rule re: beginning of year non-De Minimis Spinoffs in “How to Count Participants” section.- Plan B: Because Plan B is a New Plan, its Participant Count Date is also the first day of the plan year (January 1, 2022).
If another plan transferred assets or liabilities to this New or Newly Covered Plan, be sure to complete the “Transfers from other plans” item (see item 14).(3) Continuation Plan – Check the box to indicate whether this New or Newly Covered Plan meets the definition of a Continuation Plan (see definition).Instructions for Part II – Premium Information 5 Flat-rate Premiuma Report the Participant Count Date.
The Participant Count Date is April 1, 2008.Example 4 – Plan A has a calendar plan year and Plan B has a July 1 - June 30 plan year.
The date on which Participants are counted is called the “Participant Count Date.” Participant Count DateIn general, the Participant Count Date is the last day of the Prior Premium Payment Year.
For 2017, the rate is $69 for Single-employer Plans and $28 for Multiemployer Plans.(2) Participant count – Report the number of participants covered by the plan on the Participant Count Date separately for active participants, terminated vested participants, retirees and beneficiaries receiving payment, and in total.
For 2022, the applicable rates are: $88 for Single-employer Plans other than CSEC Plans, $19 for CSEC Plans, and $32 for Multiemployer Plans.(2) Participant count – Report the number of Participants covered by the plan on the Participant Count Date separately for active Participants, terminated vested Participants, retirees and beneficiaries receiving payment, and in total.
If the plan year begins on December 30, successive plan months begin on January 30, the last day of February (the 28th or 29th), March 30, April 30, etc.Counting months for New and Newly-covered Plans – The short first year of a New Plan is treated as beginning on the Participant Count Date (i.e., the plan effective date).