ac Posted October 21, 2009 Posted October 21, 2009 An employer with a June 30 plan year end is mailing the Annual Funding Notice. Will the notice be on time if we mail the notice within 120 days of the last day of the plan year or does the Notice have to be mailed in time to reach the participant within 120 days.
david rigby Posted October 21, 2009 Posted October 21, 2009 My interpretation is that the postmark should be by the 120th day. 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.
Andy the Actuary Posted November 15, 2009 Posted November 15, 2009 So, 120 days after June 30 means by October 28. The AFN for a calendar year plan year yyyy-1 thus must be provided by April 30, yyyy, unless yyyy is a leap year, in which case we're talking April 29. 2010 AFN date is 4/30/2011; 2011 AFN date is 4/29/2011. Has anyone seen any DOL interpretation that would simply say end of 4th month? 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.
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