PTE 2002-51 notice to interested persons

[Guest TinaThornton]

I am preparing an application under the DOL VFC program as well as seeking an exemption under PTE 2002-51. My client failed to timely make participant contributions for one employee from mid-February through the end of March, 2004. All the contributions were made by March 31, 2004. I am trying to find out who are the "interested persons" that should receive the Notice to Interested Persons under the PTE requirements - just the one employee that was affected or all plan participants. And, if all plan participants, is that all current plan participants or all participants at the time of the breach? Thanks.

[Guest Pensions in Paradise]

Just my personal opinion of course, but I think filing under VFC for 2 months of late contributions for one employee is overkill. Why not just deposit the lost earnings, file Form 5330 and pay the excise tax, and be done with it?

[Blinky the 3-eyed Fish]

Tina, look at this poll and see what others think about filing under VFCP or just paying the excise tax.

http://benefitslink.com/boards/index.php?showtopic=29791