Prefunding Election Form Generator

Prepare a written election under Treasury Regulation § 1.430(f)-1 to use funding balances, add a specific amount to the prefunding balance, or make a standing election. The letter on the right is what will download. You may edit the wording before you download. Excel and saved URLs can still prefill these fields. See example Excel integration.

Related regulation:

26 CFR § 1.430(f)-1

Election type

Treas. Reg. § 1.430(f)-1(f)(1) generally requires a specific dollar amount, except for standing elections.

Use balances — apply a specific amount of carryover / prefunding to MRC or quarterlies § 1.430(f)-1(d)

Add a specific amount to the prefunding balance § 1.430(f)-1(b)(1)(ii)

Standing election — use to avoid unpaid MRC, add the maximum each year, and/or use for quarterlies § 1.430(f)-1(f)(1)(ii)–(iii)

Plan name

Plan number

Year ending

Plan administrator

Plan sponsor

Plan actuary

Enrollment number

Election date (optional)

Use elections are not available if the prior-year funding ratio is less than 80% (§ 1.430(f)-1(d)(3)). Carryover balance must be used before prefunding balance (§ 1.430(f)-1(d)(2)).

Minimum required contribution

Quarterly installments for the year

BOY prefunding balance

BOY carryover balance

Amount as of valuation date

Amount as of election date

Amount is applied first to the carryover balance (required while COB remains)

Signing elects the suggested amount you prescribe. The form also discloses the available excess (PV of SB line 38a) and includes one optional checkbox so the sponsor can write in a different amount that is less than the available excess. The election is due by that year’s MRC deadline and is reported on the following year’s Schedule SB line 11d.

Suggested election amount

Available Excess (PV of SB line 38a)

Standing elections remain in effect for the named enrolled actuary until revoked in writing or until a different actuary signs Schedule SB.

A) Use balances to the extent needed to avoid an unpaid MRC under § 4971(c)(4)

B) Add the maximum amount possible each year to the prefunding balance

C) Use balances to satisfy unpaid quarterly installments under § 430(j)(3)

Election letter preview

What you see is what you get

Prefunding Election Form Generator

Related regulation:

Election type

Election form inputs

Election letter preview