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Practitioners

Reportable Events & Large Unpaid Contributions

Reportable Events and Large Unpaid Contributions

Overview

Section 4043 of ERISA requires that plan administrators and sponsors notify PBGC of the occurrence of certain events that may signal problems with a pension plan or business. PBGC's regulation on reportable events and large cumulative funding underpayments describes the events and notice requirements in detail (see 29 CFR Part 4043).

On September 11, 2015, PBGC published a final rule that made significant changes to the prior regulation.  However, because some practitioners may still need access to the prior  regulation, links to both documents are included below:

For more information about the changes to the reporting requirements, see PBGC's Reportable Events FAQs.

In most cases, reporting is due 30 days after the event occurs (i.e., "post-event" reporting.  However, in certain cases involving nonpublic companies with large underfunding, advance notice of certain events must be given to PBGC (See 29 CFR §4043.61 for more information on advanced reporting).

Each event is listed below. For more information about an event, click on the applicable link below.

 

Reportable Event

Post-Event Notice
(Form 10)

Advance Notice (Form 10-Advance)

Active participant reduction

29 CFR §4043.23

N/A

Failure to make required funding payments

29 CFR §4043.25

N/A

Inability to pay benefits when due

29 CFR §4043.26

N/A

Distribution to a substantial owner

29 CFR §4043.27

N/A

Change in contributing sponsor or controlled group

29 CFR §4043.29

29 CFR §4043.62

Liquidation

29 CFR §4043.30

29 CFR §4043.63

Extraordinary dividend or stock redemption

29 CFR §4043.31

29 CFR §4043.64

Transfer of benefit liabilities

29 CFR §4043.32

29 CFR §4043.65

Application for minimum funding waiver

29 CFR §4043.33

29 CFR §4043.66

Loan default

29 CFR §4043.34

29 CFR §4043.67

Insolvency or similar settlement

29 CFR §4043.35

29 CFR §4043.68

Large Cumulative Funding Underpayments

10 days after the due date (Form 200)

Total underpayments, with interest, exceed $1 million

29 CFR §4043.81

 

Forms and Instructions

Forms and Instructions

Forms and Instructions

When to use
New Forms

Post-Event Notice of Reportable Events

30 days after the event occurs

Advance Notice of Reportable Events

30 days before the effective date of the event

Notice of Failure to Make Required Contributions over $1 Million

10 days after the due date for the required contribution

Forms must be filed electronically.  That can be accomplished by:

  • Emailing a completed form and any required attachments to the applicable email address (see Filing Assistance section below); or
  • Using the 4043 module of PBGC's new e-filing portal (see below).

New e-filing Portal

PBGC's new e-filing portal offers a secure application for submitting Form 10, Form 10-Advance and Form 200 information.  The application will review filings and generate a list of omissions and inconsistencies prior to submission to ensure that filings are complete.

The web-based application walks the filer through various screens, prompting the filer to answer questions and enter required information. The application identifies whether a question needs to be answered based on the answers to previous questions and skips any unnecessary questions. The application allows filers to, among other things:

  • Save a partially completed filing;
  • Modify information any time prior to submission;
  • Pre-populate a filing with data from a previously submitted filing;
  • Route the filing as needed to facilitate e-certifications; and
  • Review prior filings submitted via the e-filing portal.

We will be posting additional information about the new e-filing portal in the future. Click here to access a user manual with step-by-step instructions on how to create and manage your e-Filing Portal account.

Filing Assistance

For assistance, contact PBGC by sending an e-mail to:

Practitioners may also call our toll-free practitioner number at 1-800-736-2444 (ext. 4070) or 202-326-4070 (DC area). TTY/ASCII users may call the federal relay service toll-free at 1-800-877-8339 and ask to be connected to the appropriate number.

Penalties and Enforcement

PBGC regularly monitors compliance with Part 4043.

PBGC's current penalty policy applies to failure to timely file information required by Part 4043. See also ERISA section 4071 and 29 CFR Part 4071.

Reportable Events FAQs

On September 11, 2015, PBGC announced new final rules for reportable events, focusing on the minority of plans and sponsors that pose the greatest risk of defaulting on their financial obligations. For more information on the final rule see our Reportable Events FAQs

Enrolled Actuaries Meeting Bluebooks - 4043 reporting

In connection with Enrolled Actuaries Meetings, PBGC staff has met with representatives of the Enrolled Actuaries Program Committee to discuss a number of questions relating to these reporting requirements. Summaries of the questions and answers (in PDF format) discussed at the meetings are available here as a public service.

The summaries reflect the views of individual staff members and do not represent the official position of PBGC.

2015 Question & Answer Summary (Questions 12-15) [PDF]
2012 Question & Answer Summary (Questions 15-16) [PDF]
2011 Question & Answer Summary (Question 13) [PDF]
2010 Question & Answer Summary (Questions 17-20, 31) [PDF]
2009 Question & Answer Summary (Questions 17-19) [PDF]
2008 Question & Answer Summary (Question 9) [PDF]
2007 Question & Answer Summary (Questions 3, 14-16) [PDF]
2006 Question & Answer Summary (Questions 12-15) [PDF]
2005 Question & Answer Summary (Question 17-19) [PDF]
2004 Question & Answer Summary (Question 11-13) [PDF]
2001 Question & Answer Summary (Question 15-16) [PDF]
2000 Question & Answer Summary (Question 19-20) [PDF]
1998 Question & Answer Summary (Question 20-34) [PDF]