Benefits
Update
Newsletter
Update
Newsletter
Department of Labor Issues Guidance on Annual Funding Notice Requirements for Defined Benefit Plans
The U.S. Department of Labor ("DOL") recently issued Field Assistance Bulletin 2009-01 which provides guidance on the defined benefit plan annual funding notices required by the Pension Protection Act of 2006 ("PPA"). The PPA requires administrators of defined benefit plans subject to Title IV of the Employee Retirement Income Security Act ("ERISA") (including single employer defined benefit plans) to provide an annual funding notice to each plan participant and beneficiary, the Pension Benefit Guaranty Corporation ("PBGC"), and to each labor organization representing plan participants.