Retirement Plan Participant Notices - When the Employer Fails to Make a Required Contribution
When the employer fails to make a required plan contribution under the minimum funding standards, notice is required unless there is a pending funding waiver request.
Notice of Required Payment Failure
Description: The notice is a document provided to each participant, beneficiary and alternate payee under the plan stating that the employer did not make a required funding contribution.
Timing: Notice must be given before the 60th day following the due date of the quarterly or other required contribution.
Who is responsible for sending it: The employer maintaining the defined benefit or target benefit plan that fails to make quarterly or other required contribution.