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IRS Issues Final Section 415 Rules for Defined Benefit Plans

2007, The Prudential Insurance Company of America, all rights reserved. IRS Issues Final Section 415 Rules for Defined Benefit Plans WHO'S AFFECTED These Rules affect sponsors of and participants in qualified Defined Benefit Plans , including multiemployer Plans , governmental Plans and nonelecting church Plans . BACKGROUND AND SUMMARY Section 415 of the Internal Revenue Code limits the amount of benefits that may be paid to a participant in a Defined Benefit plan. It also limits the amount of contributions that may be made to a participant s account in a Defined contribution plan. Comprehensive Section 415 regulations were last issued in 1981.

©2007, The Prudential Insurance Company of America, all rights reserved. IRS Issues Final Section 415 Rules for

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