Here along with the FreeERISA website you can determine the official ERISA name of the plans so they can be stated accurately in a QDRO. Additionally, you can determine the official ERISA name of the plans so they can be stated accurately in a QDRO. Every company that sponsors defined benefit or contribution plan must make annual filings with the DOL. But note that even though a company offers a plan to its employees this does not mean that the employee is participating in the plan.
This provides useful information about what documents are maintained by the DOL. Documents maintained include the Annual Report Form 5500.
Many lawyers do not know that they can submit a freedom of information request and all electronic copies of the data contained on all Forms 5500 and schedules will be provided for a fee.
As a general rule summary plan descriptions (SPDs) and Summary of Material Modifications (SMM) are not available through the DOL. But the DOL can request a copy from the administrator who in turn will turn it over to the participant or beneficiary.
Web Sites of Use in Determining Present Value of Pensions
Family lawyers need to understand this Act because of its impact on present valuation. It impacts a present value using the GATT Method. It’s the most important Act to consider since the ERISA.
Secure 2.0 2022: This Act was designed to encourage more employers to offer retirement plan benefits and more employees to participate in saving for their future. The law does this by updating and adding new retirement account provisions, including: Automatically enrolling eligible employees. Expanding catch-up contributions. See the attached summary flyer.
Web Sites of Use in Determining Discount Rates
Current PBGC Rates.
These rates are used by many valuators in determining the present value of defined benefit plans.