The Assumption Provision Screen is used to define the actual assumptions included in this set.

• Effective Period: details the period of time for which the assumption applies. The Effective Date is the start of the first period this assumption is applicable and the Stop Date is the end date. If the assumption continues to apply without an end date, check the None box for the Stop Date.
• Reported Amounts: for indicating how to project Reported Amounts. You need to edit each Reported Amount listed to enter its assumption.
  
  
  • List: this box lists all Reported Amounts for the Plan Sponsor along with a summary of the type of assumption selected (i.e., None, Pct, Amount) and value assigned. Double click on each Reported Amount to edit the assumption via the Assumption Reported Amount screen.
  • Use Estimated Amounts: by checking this box, you indicate that you want the system to use Reported Amounts identified as an estimate (via an estimated indicator) when running calculations. If this box is not checked, estimated amounts will be ignored.
  • Ignore historical dates after calculation date: check this box if you do not want the system to use any Historical Dates that occurs after the calculation date when running calculations.
  • Ignore amounts with effective dates "x" days after calculation date: use this area to tell the system to not use Reported Amounts with an effective date that is a certain number of days after the calculation date, as entered in the box provided. If a number of days is entered here, the system will only use Reported Amounts with an effective date within that number of days from the calculation date.
• Beneficiary Age Assumption: use this section to assume a fixed age gap between participant and beneficiary. Check the box Use actual beneficiary age if exists to ignore the fixed age gap when the beneficiary date of birth has been specified in a participant record.
• Other Assumptions:check the box in this section in order to Assume Suspension of Benefits Notice is issued at NRD if no evidence of a notice has been provided.
• Published Interest Rates: for specifying how various published interest rates are to be projected for periods beyond the calculation date. Includes sections for the following rates: Treasury Rates, 120% FMT, PBGC, and Segment Rates. Select one of the following projection options for each:
  
  
  • Fixed rate: select to assume a flat interest rate for periods beyond the calculation date. (Enter 0.05 for 5.00% for example.)
  • Latest non-zero rate: choosing this option will cause the system to find the latest published interest rate entered in DB Precision prior to the calculation date and assume that that rate applies for all future periods.
  • Latest plan year rate: choosing this option will cause the system to find the latest valid interest rate for the plan year prior to the calculation date and assume that that rate applies for all future periods.
  • Latest applicable rate: choosing this option will cause the system to use the latest reset date and lookback combination with a known interest rate and assume that rate applies for all future periods.
• Government Tables Increase Rates: for specifying the rate used to project various government tables for periods beyond the calculation date - includes the Taxable Wage Base, 401(a)(17) Limit, and 415(b) Limit. Select one of the following projection options for each:
  
  
  • Fixed rate: select to assume a flat interest rate for periods beyond the calculation date. (Enter 0.05 for 5.00% for example.)
  • Function of salary scale: choosing this option will cause the system to use the salary scale (either entered on the portal or the highest rate for all salary-type Reported Amounts) and increase or decrease (if negative) by the entered value. (Enter -0.025 to set a rate equal to the salary scale reduced by 2.5% for example.)