Pension Plan Funding

We help our clients understand and address the minimum funding rules under Internal Revenue Code sections 412, 430, and 436 (for single-employer defined benefit pension plans) and sections 412, 431, and 432 (for multiemployer defined benefit pension plans) and the parallel provisions under Employee Retirement Income Security Act (ERISA).  This includes:

• Applying for minimum funding waiver.
• Negotiating funding waiver collateral with Pension Benefit Guaranty Corporation (PBGC).
• Applying for extension of amortization period (for multiemployer plans).
• Analyzing funding requirements and alternatives.
• Making non-cash contributions (employer stock and employer real property).
• Changing actuarial method and assumptions.
• Reducing or freezing benefits.
• Developing funding improvement plans and rehabilitation plans for multiemployer pension plans in endangered (yellow zone) or critical (red zone) status.