Can you give me a funding illustration for the next 3-5 years?

It will be really challenging to do an illustration for each year going out over the next several years. This is for the following reasons:

• Even though your interest crediting rate in the plan is 4-5%, your investment returns will likely vary year by year which will change your annual contribution amounts.
• You are given a funding range each year that will have a “target” amount. But you can usually fund 10% lower and up to 50% higher. So you have a wide funding range and what you fund in one year will impact future year funding.
• The IRS indexes the plan funding levels annually based on CPI and other factors. So it is impossible to determine what changes they may make in the future.

The good news is that we offer an estimated funding calculation for the current year in the fall. This will give you an estimate of what you can fund. Please make a note to look for that email late in the year.