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120 Day Notice


Guest HarveyC
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Guest HarveyC

The notice of merger required to be filed with the PBGC at least 120 days prior the the proposed merger date spells out requirements that pertain to DB plans. What if 2 DC plans were to be merged? What would go into the notice? Would one simply submit a letter indicating the intent to merge?

Thanks.

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Guest HarveyC

I guess I overlooked the obvious answer that no such notice is required as only DB benefits are guaranteeable by the PBGC.

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There is always a possibility that plan provisions indicate a need for notice. If a CBA is involved, check that also.

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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