ASPPA Certified Pension Consultant (CPC) Examination

What is the minimum required contribution for a single-employer defined benefit plan under IRC Section 430?

The funding shortfall amortized over 7 years The greater of the target normal cost or the shortfall amortization charge 10% of plan assets The unit credit normal cost only

Correct Answer:

The greater of the target normal cost or the shortfall amortization charge

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