PBGC announces OMB approval of new forms for missing participant programs

The Pension Benefit Guaranty Corporation (PBGC) has announced that the Office of Management and Budget (OMB) has approved a new collection of information consisting of new forms and instructions for its missing participant programs.
In December 2017, the PBGC issued final regulations that expand its existing missing participants program to cover terminated 401(k) and most other defined contribution (DC) plans, multiemployer defined benefit (DB) plans, and certain DB plans that are not currently covered by the program. The regulations were effective January 22, 2018, and generally applicable for plans that terminate on or after January 1, 2018.
The PBGC also created new forms for the various types of plans and submitted the new collection of information to the OMB for review. The OMB approved the new collection of information through January 31, 2021. There are four types of plans that have their own forms and instructions-PBGC-insured DB single-employer plans (Form MP-100, Schedules A and B, and instructions); DC plans (Form MP-200, Schedules A and B, and instructions); small professional DB plans that are not insured by the PBGC (Form MP-300, Schedules A and B, and instructions); and PBGC-insured multiemployer plans (Form MP-400, Schedules A and B, and instructions).

Source: 83 FR 5146, February 5, 2018.
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