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Compliance January 27, 2006
PBGC Enhances Reporting and Disclosure Web Application
January 27, 2006 (PLANSPONSOR.com) - The Pension
Benefit Guaranty Corporation (PBGC) has updated its e-4010
Web-based application for reporting financial, actuarial and
other identifying information in compliance with section 4010
of the Employee Retirement Income Security Act
(ERISA).
Reported by Rebecca Moore
The enhancements include an option to “assign an actuary” which enables someone other than the person filing the form to access the filing, according to the PBGC announcement. Also, plan administrators will be able to access prior submitted data instead of manually re-entering it for the current filing.
ERISA Section 4010 is required by certain underfunded plans in addition to the form 5500 required from all plans. For information years ending on or after December 31, 2005 the data must be filed electronically using the e-4010 application.
Section 4010 filing requirement information is here . Questions can be addressed by calling the PBGC at 800-400-7242 ext 4070.