2015 PBGC Premium Rates Published

in Retirement Plans, Welfare Benefits

The Pension Benefit Guaranty Corporation on October 24, 2014, published its increased premium rates. The per participant flat premium rate for single employer plans increased to $57 in 2015 (up from $49 in 2014). The per participant flat rate premium for multiemployer plans reflected a smaller increase to $13 in 2015 (up from $12 in 2014). Variable-rate premiums ("VRPs") have also been increased from the 2014. VRPs are only paid by single employer plans and are structured as a premium...Continue Reading

Electronic Filing of Top Hat Plan Statements

in Executive Compensation

"Top hat" plans are unfunded pension plans for a select group of management or highly compensated employees.  Top hat plans are exempt from certain ERISA reporting and disclosure requirements if the plan administrator timely files a one-time statement with the DOL.  The DOL has issued proposed regulations that will require these top hat plan statements to be filed electronically.  The requirement will become effective 120 days after publication of the final regulations in the Federal...Continue Reading