Source: https://www.bna.com/reporting-disclosure-erisa-p7607/
Timestamp: 2019-05-20 14:49:21
Document Index: 195959072

Matched Legal Cases: ['§ 4011', '§ 101', 'art 2520', '§ 401', 'art 4011', 'art 4043']

Reporting and Disclosure Under ERISA (Portfolio 361) | Bloomberg Tax
Tax Management Portfolio, No. 361-6th, Reporting and Disclosure Under ERISA, examines the reporting and disclosure requirements imposed by ERISA on administrators of employee benefit plans.
Tax Management Portfolio, No. 361-6th, Reporting and Disclosure Under ERISA, examines the reporting and disclosure requirements imposed by ERISA on administrators of employee benefit plans. The Portfolio provides an overview of the types of plans subject to ERISA's reporting and disclosure requirements, as well as the statutory exclusions and exemptions under the Department of Labor Regulations. It examines the rules that require financial and other plan information to be reported to various agencies of the federal government and disclosed to plan participants and their beneficiaries, as well as the penalties that may be imposed for noncompliance.
Michael G. Kushner, B.A., George Washington University (1974); J.D., University of Virginia School of Law (1977); LL.M. (Taxation), George Washington University (1982). Co-author, Employee Benefits Desk Encyclopedia (BNA Books, 1995); co-editor, ERISA Regulations (BNA Books). Member, New York, District of Columbia, Maryland and Virginia Bars. Adjunct faculty member, Georgetown University Certified Employee Benefits Specialist Program (1982–88); adjunct faculty member, The Dickinson College School of Law (1989–91). Chair, ABA Committee on Employee Welfare Benefit Plans (Real Property, Probate & Trusts Section (2007–2009); Vice Chair, ABA Committee on Executive Compensation and Deferred Compensation (2010); Member, ABA special task force on the valuation of life insurance products for tax purposes.
II. Plans Covered by ERISA's Reporting and Disclosure Requirements
3. Plans Without Employees
1. Government Plans
3. Plans Required by State Law
4. Foreign Plans
5. Unfunded Excess Benefit Plans
C. Exemption by DOL Regulations
1. Employer Practices and Arrangements
a. Payroll Practices
b. On-Premises Facilities
c. Holiday Gifts
d. Sales to Employees
e. Hiring Hall
f. Remembrance Funds
g. Strike Funds
h. Industry Advancement Programs
i. Unfunded Scholarship Programs
j. Group or Group-Type Insurance Programs
3. Bonus Programs
5. Gratuitous Payments to Retirees
6. Tax-Sheltered Annuities
7. â€œTop-Hatâ€ Plans
8. Plans Providing Day Care Centers
9. Dues-Financed Plans Maintained by Employee Organizations
10. Simplified Employee Pensions
a. Model SEPs
b. Non-Model SEPs
(2) Alternative Method of Compliance
11. Golden Parachute Arrangements
12. Funded Apprenticeship Plans
13. Discretionary Limited Reporting
D. Extensions Due to Disaster or Service in Combat Zone
A. Filings with the EBSA and IRS
1. The Annual Report (Form 5500 Series)
b. Who Must File the Annual Report
(1) Single Employer Plans
(2) Plans for Controlled Group of Corporations or Group of Trades or Businesses Under Common Control
(3) Multiemployer Plans
(4) Multiple-Employer, Collectively Bargained Plans
(5) Multiple-Employer Plans
(6) Group Insurance Arrangements
(7) Pension Plans
(8) Welfare Plans
(2) Schedule A (Insurance Information)
(3) Schedule B (Actuarial Information)
(4) Other Pension Schedules
(5) Financial Statement and Schedules
(6) Accountant's Audit and Report
(7) Statement of Plan Administrator
(8) Schedule SSA
(9) Notice of Change in Plan Status
2. Form 5310-A (Notice of Plan Merger or Consolidation, Spinoff, or Transfer of Plan Assets or Liabilities)
3. Form 5498 (IRA Contribution Information)
4. Reporting Excess Deferrals and Contributions
5. Form 5330 (Return of Excise Taxes Related to Employee Benefit Plans)
6. Requirements for Small Plans
B. Filings with the PBGC
2. PBGC Annual Premium Payment
4. Notice of Reportable Events
b. Events for Which Post-Event Notice Is Required
c. Events for Which Pre-Event Notice Is Required
5. Notices Required for Termination
6. Notice of Adoption of Plan Amendment
7. Funding Notice
C. Filings with the DOL
1. Plan Description and Summary Plan Description
3. Plans Participating in Master Trusts
4. MEWA Annual Report
b. Determining if an Entity is Established or Maintained Pursuant to a Collective Bargaining Agreement
(1) Employee Welfare Benefit Plan
(2) â€œNexusâ€ Test
(3) Bona Fide Collective Bargaining Agreement
5. Union-Interested Trust Reports
2. Other Employee Benefit Disaster Relief
a. Plan Funding and Waivers
b. HIPAA and COBRA Relief
c. Loans and Hardship Distributions
d. Legislative Relief
C. Summary Plan Description
b. Procedure for Amending Plan
c. Adequate Disclosure of Plan Limitations
d. Assistance for Non-English Speaking Participants
e. Model SPD Language
2. Distribution of the SPD
3. Contents of the SPD
b. Name and Address of Plan Sponsor
c. Employer Identification Number/Plan Number
e. Information Concerning Plan Administration
f. Eligibility Requirements
g. Cost-sharing Provisions of Group Health Plans
h. Pension Plans: Rules for Computing Service
i. Possibility for Loss of Benefits
j. Collective Bargaining Agreements
k. Joint and Survivor Benefits
l. Statement of ERISA Rights
m. Source of Contributions
n. Amendment and Termination
o. Funding Medium
p. Plan Year and Fiscal Year
q. Claims and Appeals Procedures
r. Certain Health Statutes
4. Treatment of Documents that Plan Sponsor Did Not Intend to Constitute an SPD
5. Special Rule for Merged Plans
D. Plan Documents and Records
E. Summary of Material Modifications
F. Notice of Eligibility for Rollover Treatment
G. Notice Required for Termination
H. Notice of Failure to Meet Minimum Funding Standards
I. Notice of Reduction in Rate of Future Benefit Accrual
1. When Notice Must Be Provided
2. Who Is Entitled to Notice
3. Timing for Providing Notice
5. Content of Notice
6. Failure to Satisfy Notice Requirements
J. Funding Notices
1. Participant Notice Under ERISA § 4011
2. Participant Notice Under ERISA § 101(f)
K. Notices Transmitted Using Electronic Technology
1. Using Electronic Media in Plan Administration
3. Electronic Disclosure - EBSA Safe Harbor
4. Electronic Recordkeeping
L. Plan â€œBlackout Periodsâ€ and Notice to Participants or Beneficiaries Under Individual Account Plans
1. Prohibition on Trading by Directors, Officers During Plan Blackout Periods
2. Notice to Plan Participants of Blackout Period
3. Penalty for Failure to Provide Notice
M. Notice of Investment Options Under Participant Directed Individual Account Plans
1. Change in Investment Options
2. Default Investment Arrangements
N. USERRA Notice
O. Joint and Survivor Annuity Notices
P. Periodic Pension Benefit Statements
Q. Divestiture of Employer Securities
R. Prohibited Tax Shelter Transactions
S. Fees Paid by Plans
A. Civil Enforcement
C. Penalties for Specific Violations
1. Failure to Comply with Request for Information
2. Failure to Maintain Records or Furnish Certain Information
3. Failure to File an Annual Report
4. Failure to File Actuarial Report
5. Failure to File or Distribute Schedule SSA
6. Failure to File a Notice of Change in Plan Status
7. Failure to Provide Notice of Minimum Funding Shortfall to Participants
8. Failure to Provide Required Notices to the PBGC
Worksheet 1 Summary Plan Description - 401(k) Plan
Worksheet 2 Summary Plan Description - Group Health Plan
Worksheet 3 PBGC Annual Premium Payment Package
Worksheet 4 DOL Summary Plan Description Regulations (29 CFR Part 2520)
Worksheet 5 PBGC Estimated Premium Payment Package
Worksheet 6 Sample Summary Annual Report for Defined Benefit Pension Plan
Worksheet 7 Sample Summary Annual Report for Defined Contribution (§ 401k) Plan
Worksheet 8 Sample Summary Annual Report for Health and Welfare Benefit Plan
Worksheet 9 DOL Model Forms Under Mental Health Parity Act
Worksheet 10 Table of PBGC Maximum Guaranteed Pension Benefits (Appendix B to 29 CFR Part 4011)
Worksheet 11 PBGC Forms for Reportable Events and Failure to Make Contributions (includes PBGC Forms 10, 10â€“Advance and 200)
Worksheet 12 PBGC Annual Financial and Actuarial Information Reporting Regulations
Worksheet 13 PBGC Reportable Events Regulations (29 CFR Part 4043)
Worksheet 14 Summary of ERISA Reporting and Disclosure Requirements
Department of Labor (DOL) Regulations:
Pension Benefit Guaranty Corporation (PBGC) Regulations:
DOL Advisory Opinion Letters:
DOL Field Assistance Bulletins:
DOL Technical Releases:
PBGC Technical Updates: