EBSA Guidance on Annual Funding Notices … Better Later than Never
By EsqSocial Corporation 04/04/25
On April 3rd, the Employee Benefits Security Administration (EBSA) released FAB 2025-02 and related model notices to provide some guidance for the 2024 plan year annual funding notices (AFNs). The EBSA is requiring that plan administrators must consider the new guidance when evaluating that the AFNs for 2024 are consistent with a reasonable, good faith interpretation of the new notice requirements provided in Section 343 of SECURE 2.0....
By: Morris, Manning & Martin, LLP