Information For...

For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Instructions for Form 1040
Request for Taxpayer Identification Number (TIN) and Certification
Request for Transcript of Tax Return

 

Employee's Withholding Allowance Certificate
Employer's Quarterly Federal Tax Return
Employers engaged in a trade or business who pay compensation
Installment Agreement Request

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

Retirement Plan Participant Notices - Request of a Waiver of the Minimum Funding Requirement

When the employer requests a waiver of the minimum funding requirement, notice must be provided to plan participants, beneficiaries and alternate payees.

Notice of Waiver of Minimum Funding Requirement

Description: The notice is a document provided to each participant, beneficiary and alternate payee under the plan stating that the employer is requesting a minimum funding waiver. IRC Section 431(d)(3).

What it should contain: The notice should contain the following:

  • name of the plan and the plan sponsor;
  • the plan year for which the waiver is being requested;
  • right to submit relevant information regarding the application for waiver of the minimum funding requirement;
  • right to receive a copy of the latest annual plan report;
  • the present value of vested benefits under the plan;
  • the present value of benefits, calculated as though the plan terminated;
  • the fair market value of plan assets; and
  • the interest rate used in calculating the present values.

Timing: Notice must be given within 14 days prior to the date of the application for a funding waiver.

Who is responsible for sending it: The employer that requests a minimum funding waiver for a defined benefit, target benefit or money purchase pension plan.

Return to Retirement Plan Participant Notices