The Pension Protection Act requires an annual notice regarding the funding status of defined benefit plans. The first notice is due April 30, 2009, for a calendar year defined benefit plan that is not a “small plan.” Guidance and model notices released by the Department of Labor (DOL) on February 10, 2009, are just in time – although after considering all of the information that must be included in the notice, you might feel that he DOL’s model notice is a little late. The annual funding notice replaces the Summary Annual Report – but is much more involved than the Summary Annual Report.

Click on the PDF link above to view the full alert

Source: Employee Benefits & Executive Compensation Alert
Leave Drinker Biddle to Learn More