On April 3, 2013, the PBGC issued a new proposed regulation regarding “reportable events” under Section 4043 of ERISA. The new regulation changes or clarifies certain reportable events, establishes a financial soundness safe harbor that allows plans or plan sponsors to avoid many of the rule’s reporting requirements, and expands small-plan waivers and modifies other waivers. If finalized, the proposed regulation would significantly change how plans and plan sponsors need to evaluate their reportable event obligations.
Please see the attached article for further information.
