Multiemployer Defined Benefit Actuarial Zone Certification EPCU Project - FAQs
These frequently asked questions and answers provide general information only and shouldn’t be cited as legal authority. They provide you with information responsive to general inquiries. Because these answers don’t apply to every situation, yours may require additional research.
- Why is IRS conducting this project?
- Why have I been selected for a compliance contact?
- What will be the focus of the information request?
Why is IRS conducting this project?
The Pension Protection Act of 2006 required multiemployer defined benefit plans to submit an annual actuarial certification. Failure to submit the certification timely could result in penalties of $1,100 per day and may cause the filing of the Form 5500 to be considered incomplete or delinquent. The Employee Plans Compliance Unit has been charged with verifying compliance with these provisions of PPA.
Why have I been selected for a compliance contact?
You were selected for a compliance check because we were unable to verify that your plan submitted a zone certification for all relevant years.
What will be the focus of the information request?
You’ll be asked for information to determine that you properly submitted the required actuarial zone certification for your defined benefit plan