Revised Annual Funding Notice

[Just Me]

So if we distribute the new annual funding notice for 2008 timely (by April 30th, since it's a calendar year plan), what do we do if we elect to change the actuarial assumptions for 2008 and re-do the 2008 annual valuation after April 30th? Do we do a revised annual funding notice? Or are we considered "late" since the final information was not included in the April 30th notice? Any ideas?

[Just Me]

Anybody have any ideas?

Does this mean that all actuarial valuations for 2008 must be completed and set in stone by April 30th?

[JAY21]

Well....your April 30th date is for plans with 100 lives or more. Those plans must use a beginning-of-year valuation date per PPA 06 rules. Thus, it probably isn't unreasonable to think the 1/1/08 valuation (using 2007 census data) should be done by 4/30/09.

Small plans under 100 lives have until the earlier of (a) the actual filing of the 5500 or (b) the extended due date of the 5500.