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EP Examination Process Guide - Section 9 - Participants Rights - Plan Events - When Excess Pension Assets Are to be Transferred

When excess pension assets are to be transferred to retiree health benefit accounts, participants should receive a notice of the employer’s intent to transfer these assets.

Notice of Intent to Transfer Assets

Description: A notice used to notify plan participants and their beneficiaries of the employer’s intention to transfer excess defined benefit pension assets to retiree health benefit accounts.

What It Should Contain: The notice should contain plan and financial information concerning the transfer of excess defined benefit assets to retiree health benefit accounts.

Timing: Participants and/or beneficiaries should receive the notice no later than 60 days before the transfer date.

Who Is Responsible For Sending It: The administrator of the plan.

Page Last Reviewed or Updated: 16-Dec-2013