Compliance | December 5th, 2018 PBGC Asks for Information About DB Plans’ ERISA Coverage One plan type for which coverage determinations are most frequently requested is church plans, according to the agency.
Compliance | November 30th, 2018 Butch Lewis Act Said to Only Temporarily Mask Multiemployer Pension Deficits The Pension Analytics Group says the only solution is to reduce benefits across the board, or many of these plans...
Compliance | November 21st, 2018 PBGC to Provide Financial Assistance to Teamsters Local 805 Multiemployer Plan The assistance, along with benefit reductions, will help the plan avoid insolvency.
Compliance | November 14th, 2018 Regulators Release Informational Copies of 2018 Form 5500 Modifications to the Form 5500 and Form 5500-SF and their schedules and instructions have been highlighted.
Compliance | October 18th, 2018 PBGC Asks That More Information Be Added to Reportable Events Filings The PBGC is proposing in a renewal request that all reportable events filings include controlled group information, company financial statements,...
Compliance | October 15th, 2018 PBGC Posts 2019 Premium Rates A table on the PBGC’s website shows that the flat-rate premium for single-employer plans has grown from $31 in 2007...
Compliance | September 6th, 2018 PBGC Makes Available 2018 Premium Filing Instructions The PBGC expanded the examples about how to determine premiums in a year when a plan is involved with a...
Compliance | September 5th, 2018 Court Finds Personal Trust May Be Liable for Pension Termination Costs Among other things, a federal appellate court rejected a district court’s decision that the PBGC standards for establishing successor liability...
Administration | August 31st, 2018 Mercer Makes Recommendations for Finding Missing Participants If there are missing participants that plan sponsors have not made a genuine effort to find, “the entire plan could...
Compliance | August 30th, 2018 PBGC Issues Policy Statement on Multiemployer Plan Withdrawal Liability The agency identifies information that would be helpful for plan sponsors to provide to help it evaluate proposed alternative terms...
Compliance | August 6th, 2018 Pace of EBSA Settlements and Plan Corrections Is Strong “On the retirement side, again, there is a strong focus on missing participants, and EBSA is diving incredibly deep," says...
Compliance | July 30th, 2018 PBGC Offers Resource for Practitioner Questions One interesting question addressed is whether spinning off a separate plan during the plan year is a way to reduce...
Administration | July 27th, 2018 Raytheon Transfers Nearly $1B in Pension Obligations to Prudential Peggy McDonald, the senior vice president who led negotiations for Prudential, says the firm is committed to providing vested participants,...
Administration | July 27th, 2018 Four Multiemployer Pension Plans Apply to Reduce Benefits They are seeking reductions as high as 50%.
Compliance | July 25th, 2018 PBGC Changes Address for Pension Insurance Premium Payments As noted on the updated PBGC website, effective immediately, the federal pension insurance program has a new set of addresses...
Compliance | June 1st, 2018 PBGC Report Shows Dire Status for Multiemployer Plan Insurance Program The likelihood the program will remain solvent after FY 2026 is now less than 1%.
Compliance | May 25th, 2018 As PBGC Director Works on Pension Crisis, Senators Question Trump’s Decision to Oust Him Reeder recently told the Joint Select Committee on Solvency of Multiemployer Pension Plans that insolvency of the PBGC multiemployer program...
Ask the Experts | May 15th, 2018 (b)lines Ask the Experts – Dealing With Missing Participants “I have been reading a lot about missing retirement plan participants lately. If our plan has any, should I be...
Compliance | April 23rd, 2018 PBGC Modifies Forms and Instructions for Distress Terminations Plan sponsors now have the opportunity to contact the agency for a pre-filing consultation to discuss the filing process and...
Compliance | April 3rd, 2018 PBGC Issues Guidance Designed to Keep Multiemployer Plans Solvent Longer Regarding guidance to assist multiemployer pension plans that request PBGC review of alternative plan rules for satisfying employer withdrawal liability,...