The Retirement Plan Company (TRPC)/an ABG firm
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Creative Pension Consultants, Inc.
ERISA Services, Inc.
Atlantic Pension Services Inc
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|Is There Really an Exemption from Union Pension Plan Withdrawal Liability for the Trucking Industry?|
Frost Brown Todd LLC
Aug. 23, 2021
"There are no PBGC regulations interpreting this exemption and only a few PBGC advisory opinions referencing certain aspects of the exemption. Of the more than 2,500 federal court cases dealing with union pension plan withdrawal liability, less than 30 cases refer to the trucking industry exemption and most of those 30 decisions do not deal with the qualifying requirements for the exemption but rather pertain to routine withdrawal liability issues such as arbitration deadlines, controlled group liability, 'evade and avoid' issues and bankruptcy."
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