QUESTION: For a cash balance plan, I would like to forecast the total cash balance accounts under the plan (i.e., for all active participants). How can I do this with ProVal?

ANSWER: To get the total cash balance accounts at each valuation date in a core projection, adjust your Valuation Assumptions to assume everyone takes their cash balance immediately on each valuation date. That is, under the Decrements topic, assume 100% retirement and 100% termination.

This makes the active liability equal to the total cash balance accounts. So, to see the projected account balances, just look at your projected active liabilities.

Notes:

• Do not change your Projection Assumptions. This way, actives will be projected properly to each valuation date.

• This assumes that your Plan Definition is already set up to pay an immediate lump sum upon decrement.