mwyatt Posted June 20, 2018 Share Posted June 20, 2018 Not sure if others have run across this recently, but have had a couple clients receiving letters acknowledging that the Comprehensive Premium Filing has been transmitted, but that their records indicate that a premium balance is owed. In most recent case, we uploaded XML file 5/31/2018 and sent in paper check with voucher on the same date. Letter is dated 6/10/2018, but when I look on Account History premium has been credited (with 5/31/2018 date, so can't actually tell when posted). Have to waste time dealing with client's obvious concern that premium hasn't been received, when the PBGC system shows is all settled. I can see sending this letter out if a month has transpired, but 10 days seems to be generating needless worry. Link to comment Share on other sites More sharing options...
Mike Preston Posted June 20, 2018 Share Posted June 20, 2018 Yup. All part of the expected. Warn the client in advance. Link to comment Share on other sites More sharing options...
figure 8 Posted June 21, 2018 Share Posted June 21, 2018 I agree with the peeve. Am also peeved when they send out similarly unnecessary letters relating to plan terminations (for example, a letter saying the Form 501 hasn't been received yet, even though it is well before the non-penalty due date; sometimes it takes a while to get the necessary distribution confirmations to send the Form 501, which is why it's not done yet; it's not a big deal, except that it causes the client some concern that needs to be dealt with). Link to comment Share on other sites More sharing options...
figure 8 Posted July 16, 2018 Share Posted July 16, 2018 On 6/20/2018 at 9:50 AM, mwyatt said: Not sure if others have run across this recently, but have had a couple clients receiving letters acknowledging that the Comprehensive Premium Filing has been transmitted, but that their records indicate that a premium balance is owed. In most recent case, we uploaded XML file 5/31/2018 and sent in paper check with voucher on the same date. Letter is dated 6/10/2018, but when I look on Account History premium has been credited (with 5/31/2018 date, so can't actually tell when posted). Have to waste time dealing with client's obvious concern that premium hasn't been received, when the PBGC system shows is all settled. I can see sending this letter out if a month has transpired, but 10 days seems to be generating needless worry. Still annoyed with these letters. Felt compelled to come here and reiterate it. This would be like the DOL sending out letters in mid-April telling plan sponsors that they still need to file their 5500. What a waste of time, energy, and paper! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now