PBGC termination - Notice of Plan Benefit

[Dinosaur]

We are preparing the applications to file with the IRS and PBGC for a plan termination. There are 98 participants in the plan (some active, terminated vested and retirees). The company is going to purchase annuity contracts for all the participants. The plan does not pay out lump sum benefits (unless under $5,000).

On the Notice of Plan Benefits instructions I don't see what is included in this situation for the active and terminated participants when the company will purchase annuity contracts. In other situations where there will be a lump sum, you show actuarial equivalence and the 417(e) rates, etc. I think I would include the basic data (name, birth date, hire date, term date, NRD, salary history, monthly accrued benefit in the normal form of payment).

Then I would include a statement that ..."the Plan Administrator intends to purchase an annuity contract which will provide all plan benefits in accordance with the terms of the plan." They will receive a Supplemental Notice of Annuity Information that will include the possible insurers.

Sound OK?