tuni88 Posted October 4, 2007 Posted October 4, 2007 We have a small DB plan with about 40 total participants and our plan year is the calendar year. Do we still have to distribute a Summary Annual Report for PYE 12/31/06 and a PBGC Underfunding Notice? Is there anything new to be distributed this year? What notices will we have to provide during 2008? Is there a web site I can go to read a summary of the rules?
Effen Posted October 5, 2007 Posted October 5, 2007 Yes on the SAR (2006 5500) No on the PBGC funding notice (assuming you mean the 2007 notice) 2008 - who knows, add it to the list of things we are waiting for The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
tymesup Posted October 5, 2007 Posted October 5, 2007 ERISA 101(f) provides for a funding notice for plan years that begin after 2007. The time for providing the notice has an exception for small plans as defined in 303(g)(2)(B). Unfortunately, our adviser doesn't have this section on their website.
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