Instructions for Part II – Premium Information

5. Flat-rate Premium

1. Report the Participant Count Date. See "How to Count Participants" section for special rules relating to New Plans, Newly-covered Plans, Mergers and Spinoffs.
2. Flat-rate Premium calculation
   1. Applicable rate – Enter the per-participant flat premium rate. For 2013, the rate is $42 for Single-employer Plans and $12 for Multiemployer Plans.
   2. Participant count – Report the total number of participants covered by the plan on the Participant Count Date. See "How to Count Participants" section.
   3. Flat-rate Premium – Report the product of the Participant Count and the applicable premium rate. If the plan year is a short plan year, the required Flat-rate Premium may be a prorated portion of this amount; however, the amount reported in this item must reflect a full year’s premium.

      Note that the Flat-rate Premium may be $0, but you must make a premium filing even if the Flat-rate Premium is $0. This may happen, for example, if your plan is a New Plan that grants no past service credits, so that there are no Benefit Liabilities on the Participant Count Date. A plan with no Benefit Liabilities has no participants for premium purposes.