DOL Clarifies Annual Funding Notice Requirements and Updates Model Notices
By EsqSocial Corporation 16/04/25
On April 3, 2025, the U.S. Department of Labor (the “DOL”) issued Field Assistance Bulletin 2025-02 (the “Bulletin”), clarifying the annual funding notice requirements applicable to defined benefit pension plans under section 101(f) of ERISA, as amended by the SECURE 2.0 Act of 2022 (“SECURE 2.0”). The appendices to the Bulletin also provide updated model notices for both single-employer and multiemployer defined benefit pension plans, which may be relied upon starting with the 2024 notice year....
By: Patterson Belknap Webb & Tyler LLP