FAQ 445: Plan maximum benefit not used for accruals

Problem: Attached is a portable copy of a DB Plan on which ASC has suddenly, for some unknown reason, decided NOT to pay attention to the PLAN's maximum benefit for calculating the accrued benefits.

Solution: In plan specifications, go to the General \ Identification \ ACCRUAL screen and review the coding for the field 'Accrual Before Apply Maximum'. Set this field to 'No' to have the system limit the benefit to any statutory or plan maximum benefits before calculating the accrued benefit.