david rigby Posted September 4, 2001 Posted September 4, 2001 Plan X has been exempt from PBGC premiums because the only employees of the company are husband and wife. Now they have an employee. The employee first became a participant at 1/1/2001. The participant count at 12/31/2000 is 2. I thing the 2001 PBGC premium is $38. What am I missing? 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.
RCK Posted September 5, 2001 Posted September 5, 2001 Assuming that your plan is a calendar year plan, I don't think you are missing anything. Your premium snapshot date is 12/31/2000 and on that date you only have two participants. So your flat-rate premium is indeed $38. RCK
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