Premium Payment Options
Single e-filings may be paid online using My PAA (via ACH) or paid outside of the My PAA application (via Pay.gov, electronic funds transfer, or paper check). If you choose to pay online using My PAA, you will have to provide your account information so that PBGC can “pull” the funds from your account after you submit your filing. If you choose to pay outside of My PAA, you can pay electronically via Pay.gov, send a check, or ask your bank or paying office to submit the Electronic Funds Transfer to PBGC. By selecting the option to pay outside of My PAA, you are only telling PBGC how you intend to pay outside of My PAA after you submit the filing.
To select a payment method for a My PAA screen-created filing or an imported filing, you must be assigned the "paying agent" permission (by the filing coordinator) and you must be holding the filing (it will be reflected in the Inbox on your Home page). Click on the View/Manage Filing button to the right of your filing to go the Filing Manager Page. Once there, click on the Authorize payment button to select the payment alternative and provide any requested information. When the filing is ready for submission, the last step of the process is for the filing coordinator or plan administrator to submit the filing to PBGC – along with the payment option selected (to pay via My PAA or to pay outside of My PAA). Note that the payment and associated filing may also be scheduled to be submitted at a future date (e.g., closer to the filing due date).
If you are uploading only one filing, you will need to select a payment alternative that is offered during Step 2 of the filing process. If you upload a file that contains more than one premium filing (i.e., a batch of filings), the My PAA payment options are not offered because a separate payment must be made outside of My PAA for each filing.
An amount owed in association with a filing may be paid online within My PAA. During the e-filing process, a person who has been given the permission to authorize premium payments selects the payment method and enters the requested information (e.g., banking information). The payment is submitted to PBGC when the associated filing is submitted; and then PBGC subsequently "pulls" the funds from your account. My PAA offers the following payment option for My PAA screen-prepared filings, imported filings and single-filing uploads.
- Automated Clearing House (ACH) - This type of transaction will authorize PBGC to take your premium payment from the bank routing code and business or personal checking or savings account number that you specify. Make sure that your account is not "blocked," which would prevent PBGC from "pulling" the funds from your account (e.g., PBGC is aware that some "Trust Accounts" are blocked). Please note that if your bank account is blocked by your bank, give the bank the following PBGC Company ID before you submit your payment, which will allow the ACH payment to be processed: 1601000606.
Premium filings may also be paid outside of My PAA. This means that you (the premium filer) are informing PBGC about how you intend to pay outside of My PAA. You must subsequently initiate the payment separate from the e-filing and take steps to ensure that the payment is sent timely to PBGC. (Note that if a file containing more than one filing is uploaded to PBGC, each filing must be paid separately outside of My PAA):
- Online Payment at www.Pay.gov
This is a direct link to the PBGC Premium Insurance Payments Form on the Pay.gov website. Follow the online instructions to make a secure electronic payment to PBGC directly from your checking or savings account. You will need the plan's EIN, PN, and Plan Year Commencement Date to complete the payment information. This is a safe and efficient payment method; there is no cost to premium payers; and registration on the Pay.gov website is not required. Please note that if your account is blocked by your bank, give the bank the following PBGC Company ID before you submit your payment, which will allow the payment to be processed: 1601000603. Transactions on your bank statement will appear as: PBGC Premium Payment.
- Pay via Paper Check - My PAA will provide you with instructions, the correct mailing address (which is always the most current mailing address), and a printable voucher for you to complete and include with your check payment. Note that if you forget to print the check voucher during the filing process or if you are uploading a file containing multiple filings and not offered a voucher, you can print a blank check voucher from the Help link in the Menu Bar at the top of each screen or from our website, e.g., from the Online Premium Filing with My PAA Page.
The voucher will reflect the filing information (e.g., the amount owed) for screen-prepared and imported filings but not for uploaded filings because uploaded filings are not opened prior to submission. Complete the requested information if not displayed (e.g., EIN/PN) and send the voucher with your check. While vouchers assist with the automatic posting of payments, they are not required because all checks (with or without a voucher) must reference the plan's 9-digit employer identification number (EIN), 3-digit plan number (PN), and plan year commencing date (PYC) in order to be properly posted to the plan's account.
Make the check payable to the "Pension Benefit Guaranty Corporation" and send your check and voucher to one of the following addresses:
If using the U.S. Postal Service:
Pension Benefit Guaranty Corporation
P.O. Box 105758
Atlanta, GA 30348-5758
If using other Delivery Services (e.g., FedEx, UPS):
Pension Benefit Guaranty Corporation
c/o Bank of America
1075 Inner Loop Road (2nd Floor)
Atlanta, GA 30337-6086
ATTN: PBGC Box 105758
- Pay via Electronic Funds Transfer (ACH or Fedwire) - My PAA will provide you with the following instructions for you to pass along to your bank, so your bank can electronically send your ACH or Fedwire payment on your behalf. Please be sure to provide the full information shown to ensure that your payment is properly posted (e.g., the plan's 9-digit employer identification number (EIN), 3-digit plan number (PN), and plan year commencing date (PYC).
For ACH payments:
Credit Gateway - ACH Receiver
33 Livingston Avenue
St. Paul, MN 55107
Transaction Code: 22
Standard Entry Class Code: CCD+
Receiving Company Name: PBGC
Addenda Reference: EIN/PN: XX-XXXXXXX/XXX PYC: MM/DD/YYYY"
For Fedwire payments:
US Treasury - NYC
33 Liberty Street
New York, NY 10045
Reference: "EIN/PN: XX-XXXXXXX/XXX PYC: MM/DD/YYYY"
Review the My PAA online Demos.