Medusa Posted March 25, 2009 Posted March 25, 2009 Is anyone else using "My PAA" through the PBGC's website to e-file Form 1? We are trying to use it for the first time, since the PBGC forms are not yet available on ASC's forms package. We are trying to figure out how we want to deal with the "Plan Administrator's" signature on the e-filing. I would be curious as to whether TPA's are signing on behalf of their clients, or whether they are forwarding a link to their client to e-sign directly. Thanks for any input! Med
Guest TammyS Posted March 25, 2009 Posted March 25, 2009 We are forwarding the filing to the client for them to e-sign, pay the premium (through MyPAA) and submit the filing to the PBGC. We monitor the filing to make sure they all get filed on time.
Medusa Posted March 25, 2009 Author Posted March 25, 2009 Thanks for your reply Tammy. We seem to have some clients who are "technologically challenged".
carrots Posted March 25, 2009 Posted March 25, 2009 Does anyone have to sign the electronic filing? We have been filing electronically, and providing a hard copy to the Plan Administrator. The Plan Administrator then signs the hard copy and keeps it on file in case of an audit. Is something more than that needed?
Medusa Posted March 25, 2009 Author Posted March 25, 2009 Carrots, As far as I can tell, My PAA won't let us submit the filing at all without the Plan Administrator's electronic signature. I don't know if this is a change or not! I do know I don't like it!
carrots Posted March 25, 2009 Posted March 25, 2009 Medusa We submitted a My PAA filing yesterday, without any signatures.
Medusa Posted March 25, 2009 Author Posted March 25, 2009 Man, carrots, I would like to know how you did that. We are having one heck of a time and I am wondering if we are doing something wrong. It simply will not let us submit without that Plan Administrator e-signature. Are you uploading the filing from vendor software, or entering the info directly into My PAA? Any suggestions you have much appreciated!
carrots Posted March 25, 2009 Posted March 25, 2009 Man, carrots, I would like to know how you did that. We are having one heck of a time and I am wondering if we are doing something wrong. It simply will not let us submit without that Plan Administrator e-signature. Are you uploading the filing from vendor software, or entering the info directly into My PAA? Any suggestions you have much appreciated! We are uploading a single .xlm file prepared with Relius software. We click Yes for electronic EA certification; perhaps that makes a difference?
mwyatt Posted March 26, 2009 Posted March 26, 2009 The upload method is the way to go for sure. We act as Filing Coordinator, print out the payment voucher, and send that to the client with instructions to mail the check along with a copy of the form to sign. Forget technologically challenged, who has time to chase everyone down to get this stuff done on the Web?
Guest TammyS Posted March 26, 2009 Posted March 26, 2009 The upload method is the way to go for sure. We act as Filing Coordinator, print out the payment voucher, and send that to the client with instructions to mail the check along with a copy of the form to sign. Forget technologically challenged, who has time to chase everyone down to get this stuff done on the Web? We act as Filing Coordinator as well. I thought the plan had to be e-filed. Is the difference due to the fact that the file is uploaded into MyPAA? So you never "route" the filing to the client?
mwyatt Posted March 26, 2009 Posted March 26, 2009 We are e-filing as filing coordinator; we upload the XML file generated by the software. When I upload, that takes care of my electronic signature as enrolled actuary. For payment method, have chosen to print out the voucher for client to send paper check. I send that to the client for payment along with a paper copy of the Comprehensive Premium Filing for them to sign and return. We keep that in our files as proof in case of audit down the road. You can go the whole nine yards and pass the filing along to the plan sponsor for electronic signature and payment. Given our small plan size, seemed like more trouble and time to involve them in the website process. Sometimes you can't trump paper.
Guest TammyS Posted March 26, 2009 Posted March 26, 2009 We are e-filing as filing coordinator; we upload the XML file generated by the software. When I upload, that takes care of my electronic signature as enrolled actuary. For payment method, have chosen to print out the voucher for client to send paper check. I send that to the client for payment along with a paper copy of the Comprehensive Premium Filing for them to sign and return. We keep that in our files as proof in case of audit down the road.You can go the whole nine yards and pass the filing along to the plan sponsor for electronic signature and payment. Given our small plan size, seemed like more trouble and time to involve them in the website process. Sometimes you can't trump paper. It looks like we may be changing the way we do the filing. I assume after you upload the file you then e-sign as enrolled actuary and submit.
Medusa Posted March 26, 2009 Author Posted March 26, 2009 Our problem is that we made the switch from Relius to ASC forms software and ASC does not have their forms or software for PBGC ready yet. Not having 100% confidence that they will have them in adequate time for us to get everything done, we decided to start using pure My PAA submissions. If we get a pleasant surprise from ASC, so much the better!
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