A Plan Provides a Pre-Retirement Death Benefit Equal to the Minimum

True/False

A plan provides a pre-retirement death benefit equal to the minimum qualified pre-retirement survivor annuity under IRC section 417 plus a $10,000 immediate lump sum. These benefits are provided at no charge to the participants. Consider the following statement with regard to the PBGC Premium Funding Target: The full value of the pre-retirement death benefit is included in the Premium Funding Target for each participant who has completed the plan's vesting requirements on the Unfunded Vested Benefit valuation date. Is the above statement true or false?