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Notice to Interest Parties - frozen plan - mass withdrawal

Guest Serafina

By Guest Serafina
in Communication and Disclosure to Participants

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Guest Serafina

Guest Serafina

Posted
Posted

I have a defined benefit plan that has been frozen for more than a decade. It experienced a mass withdrawal and termination a decade ago as well. The plan is insolvent and is administered by the PBGC. Is a NIP required?

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david rigby

david rigby

Posted
Posted

Pardon my confusion. What does it mean that you "have a DB plan" that has been taken over by the PBGC?

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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