For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Compliance March 19, 2013
Regulators Announce Phone Number, Address Changes
March 19, 2013 (PLANSPONSOR.com) – Two regulators announced contact information changes of interest to retirement plan sponsors.
Reported by Rebecca Moore
The Internal Revenue Service announced a new phone number to check the status of Voluntary Correction Program (VCP) submissions, and the Pension Benefit Guaranty Corporation (PBGC) announced new addresses for its missing participants program.
To inquire about its VCP status, plan sponsors should call (626) 927-2011 and leave a message with:
- the plan name;
- the plan sponsor’s name;
- the plan sponsor’s phone number; and
- the control number listed in the acknowledgment letter (if received).
The acknowledgment letter has been updated with the new phone number.
The new addresses for U.S. Postal Service and other mail delivery services, as well as for wire transfers, can be found on page five of the PBGC’s Missing Participants Filing Instructions.You Might Also Like:
Inherited IRA RMD Final Rules Postponed to 2025
The IRS will not enforce RMDs for inherited IRAs under the 10-year rule until at least 2025.
PBGC Rescues Teamsters and UFCW Plans
The two local plans received SFA grants to protect their solvency through 2051.
Central States Has Repaid SFA Overpayment
The multiemployer plan was overpaid $127 million for the accidental inclusion of about 3,500 dead participants in their grant application.