The Department of Labor released guidance outlining how pension plans should annually calculate and disclose the value of their assets and liabilities under federal benefits law after the SECURE 2.0 Act altered requirements.
The Employee Benefits Security Administration issued a pair of new model annual funding notices for single- and multiemployer defined benefits plans on Thursday along with a rare field assistance bulletin (No. 2025-02).
The new model funding notices supersede the previous versions. Plan administrators should correct any notices they already prepared for 2024 if they don’t fit a “reasonable, good faith interpretation” of updated disclosure requirements, the ...
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