Screen SB-1 - Single Employer Actuarial General, Balances, Shortfalls (5500)

General Information

Target normal cost
Enter the present value of all earned or accrued benefits for the year, including any projected increases due to an increase in compensation.

Beginning Carryover and Prefunding Balances

Prior year’s actual rate of return
Use a minus (-) sign to designate a negative rate of return.

Funding Percentages

Funding target attainment percentage (Force)
If the plan’s valuation date isn’t the first day of the plan year, enter the plan’s funding target attainment percentage (adjusted for interest) between the beginning of the plan year and the valuation date. This is the ratio of the value of the plan assets to the plan’s funding target for the plan year.

Contributions and Liquidity Shortfalls

Liquidity shortfall
If you entered
X
in the
Funding shortfall in the prior year
field, enter the amount of shortfall for each applicable quarter. If there is a failure to pay the liquidity shortfall by the required due date, you must file Form 5330 to pay the 10-percent excise tax.

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