Annual Funding and Other Retirement Plan Notices: What You Need to Know

For many pension plans, it’s that time of year - Annual Funding Notice (AFN) season. AFNs need to be sent to plan participants and beneficiaries no later than 120 days after the close of the plan year. Communicating the plan’s funding status is mandatory, but it, and other retirement plan notices, often requires significant time and resources on behalf of the plan administrator including preparing and sending communication, managing returned mail, locating and finding new addresses, and tracking/documenting all efforts for audit purposes.

Join PBI Research and Morgan Lewis for this 30-minute webinar on what you need to know about AFNs and other retirement plan notices including:

• Current requirements and guidance
  • Requirements of communication
  • Department of Labor’s guidance around missing participants
• 2022 predictions
  • DOL involvement going forward
  • Possible industry changes in 2022
• Best practices of sending and managing AFNs
  • Steps you can take now
  • Managing returned mail
  • Documenting and reporting efforts
• Q&A