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Article: New Law Requires Employers With Defined Benefit Plans To Post Information On Their Intranets.
- Article from:
- Mondaq Business Briefing
- Article date:
- November 5, 2009
- Author:
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Employers that sponsor defined benefit plans need to comply with a new requirement to post the Form 5500 actuarial information for the defined benefit plan on the employer's intranet. The requirement means that employers should be posting the 2008 Form 5500 actuarial information this year even though the DOL has not yet issued regulations. Intranet Posting is Part of Disclosure Changes for Defined Benefit Plans The Pension Protection Act (the "PPA") made a number of changes to disclosing defined benefit plan information to participants. It added a new annual funding notice, deleted the requirement that employers distribute a summary annual report, and added the ...