204(h) Notice Requirements | Practical Law

204(h) Notice Requirements | Practical Law

A Practice Note providing an overview of the 204(h) notice that plan administrators must provide under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (Code) when a plan amendment significantly reduces future benefit accruals to a defined benefit plan. This Note discusses how to provide the notice, timing requirements, content requirements, and penalties for failing to provide the notice.

204(h) Notice Requirements

Practical Law Practice Note w-015-2641 (Approx. 10 pages)

204(h) Notice Requirements

by Practical Law Employee Benefits & Executive Compensation
MaintainedUSA (National/Federal)
A Practice Note providing an overview of the 204(h) notice that plan administrators must provide under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (Code) when a plan amendment significantly reduces future benefit accruals to a defined benefit plan. This Note discusses how to provide the notice, timing requirements, content requirements, and penalties for failing to provide the notice.