DOL Issues Late-Breaking Guidance on Defined Benefit Pension Plan Annual Funding Notices
By EsqSocial Corporation 24/04/25
The SECURE Act 2.0, enacted in December 2022, made several updates to what must be included in annual funding notices (“AFN”) issued by defined benefit pension plans. For large plans (as defined below) with a plan year ending 12/31/24, AFNs must be furnished to participants by April 30, 2025....
By: Nelson Mullins Riley & Scarborough LLP