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Pre-2021 Zone Certification Baseline Details and Final SFA Assumption Summaries
ICR 202609-1212-001 · OMB 1212-0074 · Object 172911801.
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| File Type | application/vnd.openxmlformats-officedocument.spreadsheetml.sheet |
|---|---|
| File Title | Pre-2021 Zone Certification Baseline Details and Final SFA Assumption Summaries |
| Author | Levin Karen |
| Last Modified By | Calc |
| File Modified | 2024-03-25 |
| File Created | 2026-09-12 |
| Conversion State | complete |
Extracted Text
Version Updates v20230727 Version Date updated v20230727 7/27/2023 TEMPLATE 10 v20230727 Pre-2021 Zone Certification, Baseline Details, and Final SFA Assumption Summaries File name: Template 10 Plan Name, where "Plan Name" is an abbreviated version of the plan name. Provide a table identifying and summarizing which assumptions/methods were used in each of the pre-2021 certification of plan status, the Baseline details (Template 5A or Template 5B), and the final SFA calculation (Template 4A or Template 4B). This table should identify all assumptions/methods used, including those that are reflected in the Baseline provided in Template 5A or Template 5B and any assumptions not explicitly listed. Please identify the source (file and page number) of the pre-2021 certification of plan status assumption. Additionally, please select the appropriate assumption change category per SFA assumption guidance*. Please complete all rows of Template 10. If an assumption on Template 10 does not apply to the application, please enter “N/A” and explain as necessary in the “comments” column. If the application contains assumptions not listed on Template 10, create additional rows as needed. See the table below for a brief example of how to fill out the requested information in summary form. In the example the first row demonstrates how one would fill out the information for a change in the mortality assumption used in the pre-2021 certification of plan status, where the RP-2000 mortality table was the original assumption, and the plan proposes to change to the Pri-2012(BC) table. Base Mortality - Healthy (A) (B) (C) (D) (E) Source of (B) Assumption/Method Used in Most Recent Certification of Plan Status Completed Prior to 1/1/2021 Baseline Assumption/Method Used Final SFA Assumption/Method Used Category of assumption change from (B) to (D) per SFA Assumption Guidance 2019 Company XYZ AVR.pdf p. 55 RP-2000 mortality table Pri-2012(BC) mortality table Same as baseline Acceptable Change Contribution Base Units 2020 Company XYZ ZC.pdf p. 19 125,000 hours projected to insolvency in 2024 100,000 hours projected with 3.0% 125,000 hours reductions annually projected through the for 10 years and 1.0% SFA projection period reductions annually in 2051 thereafter Assumed Withdrawal Payments -Future Withdrawals 2020 Company XYZ ZC.pdf p. 20 None assumed until insolvency in 2024 None assumed through the SFA projection period in 2051 Same as baseline Other Change Retirement - Actives 2019 Company XYZ AVR.pdf p. 54 Same as Pre-2021 Zone Cert Same as baseline No Change Add additional lines if needed. *https://www.pbgc.gov/sites/default/files/sfa/sfa-assumptions-guidance.pdf Generally Acceptable Change Template 10 v20230727 Pre-2021 Zone Certification, Baseline Details, and Final SFA Assumption Summaries PLAN INFORMATION Abbreviated Plan Name: EIN: PN: (A) Source of (B) SFA Measurement Date Census Data as of DEMOGRAPHIC ASSUMPTIONS Base Mortality - Healthy Mortality Improvement - Healthy Base Mortality - Disabled Mortality Improvement - Disabled Retirement - Actives Retirement - TVs Turnover Disability Optional Form Elections - Actives Optional Form Elections - TVs Marital Status Spouse Age Difference Active Participant Count New Entrant Profile Missing or Incomplete Data N/A (B) (C) Assumption/Method Used in Most Recent Certification of Plan Status Completed Prior Baseline Assumption/Method to 1/1/2021 Used N/A (D) Final SFA Assumption/Method Used (E) Category of assumption change from Comments (B) to (D) per SFA A N/A N/A Template 10 v20230727 Pre-2021 Zone Certification, Baseline Details, and Final SFA Assumption Summaries PLAN INFORMATION Abbreviated Plan Name: EIN: PN: (A) Source of (B) "Missing" Terminated Vested Participant Assumption Treatment of Participants Working Past Retirement Date Assumptions Related to Reciprocity Other Demographic Assumption 1 Other Demographic Assumption 2 Other Demographic Assumption 3 NON-DEMOGRAPHIC ASSUMPTIONS Contribution Base Units Contribution Rate Administrative Expenses Assumed Withdrawal Payments Currently Withdrawn Employers Assumed Withdrawal Payments -Future Withdrawals Other Assumption 1 (B) (C) Assumption/Method Used in Most Recent Certification of Plan Status Completed Prior Baseline Assumption/Method to 1/1/2021 Used (D) Final SFA Assumption/Method Used (E) Category of assumption change from Comments (B) to (D) per SFA A Template 10 v20230727 Pre-2021 Zone Certification, Baseline Details, and Final SFA Assumption Summaries PLAN INFORMATION Abbreviated Plan Name: EIN: PN: (A) Source of (B) Other Assumption 2 Other Assumption 3 CASH FLOW TIMING ASSUMPTIONS Benefit Payment Timing Contribution Timing Withdrawal Payment Timing Administrative Expense Timing Other Payment Timing Create additional rows as needed. (B) (C) Assumption/Method Used in Most Recent Certification of Plan Status Completed Prior Baseline Assumption/Method to 1/1/2021 Used (D) Final SFA Assumption/Method Used (E) Category of assumption change from Comments (B) to (D) per SFA A