4. | You indicated your firm sponsors _____ tax-qualified, PBGC insured single-employer defined benefit pension plans. How many of these plans have any participants who are subject to the collective bargaining process? (Please enter number; if none, enter '0'.) |
Number of plans subject to the collective bargaining process |
5. | Of the _____ plan(s) that your firm sponsors, how many of these plans allow eligible, new hires to enter and accrue benefits in the plan? (Please enter number; if none, enter '0'.) |
Number of plans for which eligible, new hires are allowed to enter and accrue benefits |
6. |
Of the _____ plans your firm sponsors, how many of these plans have a freeze in benefits for any
currently active participants and/or current workers?
| ||
(Please check one.) | |||
1. | (Click here to go to question 16.) | ||
2. | (Click here to go to question 7.) |
7. | You answered that your firm has plans whose benefits are frozen for active participants and/or current workers. How many of those plans fit the following freeze descriptions? (Please enter a number or '0' for each definition offered below. Please use only one definition for each sponsored plan.) |
a. 'Hard Freeze' - Both the service and compensation components (also known as service credits and pay credits) of the benefit formula have been frozen for all active participants and the plan is closed to new employees/participants. | plans | |
b. 'Service-Only Soft Freeze' - This is sometimes called a frozen plan with pay updates. Only the service component of the benefit formula has been frozen for all active participants and the plan is closed to new employees/participants. | plans | |
c. 'Average-Pay-Component-Only Soft Freeze' - Only the compensation component, usually expressed as a type of average pay or pay credits, of the benefit formula has been frozen for all active participants and the plan is closed to new employees/participants. | plans | |
d. 'New Employee Only Soft Freeze' - The plan is closed to new employees/participants. However, components of the benefit formula are NOT frozen in any way for active plan participants. | plans | |
e. 'Partial Freeze' - The service and/or compensation components of the benefit formula have been frozen (like a hard freeze or a soft freeze) for a group or subset of active participants in the plan, while another subset of activ participants do not have any components of the benefit formula frozen. The plan is closed to new employees/participants. |
plans | |
f. Other (Please explain below.) | plans | |
If you checked other above, please explain here. | ||
Click here to check your total. | Total Number of Frozen Plans | |
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