austin3515 Posted September 28, 2017 Share Posted September 28, 2017 So to be exempt from the audit requirement a DB Plan must disclose in it's SAR the regulated financial institution that holds the plan assets. But what if the Plan is not doing an SAR because it is a PBGC plan and preparing the AFN? Full disclosure, I am not an actuary - we hire an actuary to do the actuarial work. So even though I don;t know something basic, we pay people who know but I thought I'd start with you folks. Austin Powers, CPA, QPA, ERPA Link to comment Share on other sites More sharing options...
AndyH Posted October 12, 2017 Share Posted October 12, 2017 It is common to add the same disclosure as a footnote to the AFN. Link to comment Share on other sites More sharing options...
Calavera Posted October 13, 2017 Share Posted October 13, 2017 From 5500-SF instruction: For defined benefit pension plans that are required pursuant to section 101(f) of ERISA to furnish an Annual Funding Notice (AFN), the administrator must instead either provide the information to participants and beneficiaries with the AFN or as a stand-alone notification at the time an SAR would have been due and in accordance with the rules for furnishing an SAR, although such plans do not have to furnish an SAR; austin3515 1 Link to comment Share on other sites More sharing options...
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