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