Trivia to Remember Trivia to Remember
Given below are some useful interest rates for the recent 14 months.
(1) PBGC Immediate Annuity Rates |
(2) Interest for PBGC Variable Premiums |
(3) Interest for Current Liability |
(4) Interest for Late Quarterly Contributions |
(5) Interest for Accumulating Employee Contributions |
||||
DATAIR's Code |
90% (Min) |
110% (Max) |
175% AFR |
120% AFR |
||||
| Jan '96 | 4 |
4.50 |
4.85 |
6.35 |
7.76 |
10.13 |
6.89 |
|
| Feb ‘96 | 3 |
4.25 |
4.84 |
6.31 |
7.71 |
9.91 |
6.75 |
|
| Mar ‘96 | 3 |
4.25 |
4.99 |
6.28 |
7.67 |
9.64 |
6.56 |
|
| Apr ‘96 | 5 |
4.75 |
5.28 |
6.26 |
7.65 |
10.31 |
7.08 |
|
| May ‘96 | 6 |
5.00 |
5.43 |
6.24 |
7.63 |
11.26 |
7.65 |
|
| June ‘96 | 6 |
5.00 |
5.54 |
6.23 |
7.61 |
11.66 |
7.93 |
|
| July ‘96 | 6 |
5.00 |
5.65 |
6.23 |
7.61 |
11.94 |
8.12 |
|
| Aug ‘96 | 7 |
5.25 |
5.62 |
6.22 |
7.61 |
12.13 |
8.24 |
|
| Sept ‘96 | 7 |
5.25 |
5.47 |
6.22 |
7.60 |
11.76 |
7.99 |
|
| Oct ‘96 | 7 |
5.25 |
5.62 |
6.22 |
7.61 |
11.90 |
8.09 |
|
| Nov ‘96 | 6 |
5.00 |
5.45 |
6.22 |
7.60 |
11.68 |
7.94 |
|
| Dec ‘96 | 5 |
4.75 |
5.18 |
6.20 |
7.58 |
11.17 |
7.59 |
|
| Jan ‘97 | 4 |
4.50 |
5.24 |
6.19 |
7.57 |
10.80 |
7.34 |
|
| Feb ‘97 | 5 |
4.75 |
5.46 |
6.19 |
7.57 |
11.29 |
7.00 |
|
Column (1) is the rate set to be used in plan terminations.
Column (2) is the interest rate to be used in calculating the present value of vested benefits. This amount is needed to determine the PBGC variable premium.
Column (3) is the range for OBRA ’87 current liability purposes.
Column (4) is the interest rate to be used in calculating late charges for missed quarterly contributions.
Column (5) is interest rate used for accumulating employee contributions in Defined Benefit Plans.
For current rates, see: http://www.bog.frb.fed.us/releases/h15/current/
Calendar Year |
DB 415(b)(1)(A) |
DC 415(c)(1)(A) |
Maximum Deferral 401(k)/ 402(g)(1) |
Elective Deferral 403(b) |
Highly Compensated Definition Limits Under IRC 414(q) (1)(B) (1)(C) (1)(D) |
Annual Comp Limit 401(a)(17) & 404(l) & 408(k)(3)(C) |
Excess Distribution Threshold |
||
1987 |
90,000 |
30,000 |
7,000 |
75,000 |
50,000 |
45,000 |
112,500 |
||
1988 |
94,023 |
30,000 |
7,313 |
78,353 |
52,235 |
47,012 |
117,529 |
||
1989 |
98,064 |
30,000 |
7,627 |
9,500 |
81,720 |
54,480 |
49,032 |
200,000 |
122,580 |
1990 |
102,582 |
30,000 |
7,979 |
9,500 |
85,485 |
56,990 |
51,291 |
209,200 |
128,228 |
1991 |
108,963 |
30,000 |
8,475 |
9,500 |
90,803 |
60,535 |
54,482 |
222,220 |
136,204 |
1992 |
112,221 |
30,000 |
8,728 |
9,500 |
93,518 |
62,345 |
56,110 |
228,860 |
140,276 |
1993 |
115,641 |
30,000 |
8,994 |
9,500 |
96,368 |
64,245 |
57,820 |
235,840 |
144,551 |
1994 |
118,800 |
30,000 |
9,240 |
9,500 |
99,000 |
66,000 |
59,400 |
150,000 |
148,500 |
1995 |
120,000 |
30,000 |
9,240 |
9,500 |
100,000 |
66,000 |
60,000 |
150,000 |
150,000 |
1996 |
120,000 |
30,000 |
9,500 |
9,500 |
100,000 |
66,000 |
60,000 |
150,000 |
155,000 |
1997 |
125,000 |
30,000 |
9,500 |
9,500 |
80,000 |
160,000 |
160,000 |
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