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This document serves as a notification regarding the funding status of the Plumbers and Pipefitters National Pension Fund, certifying its endangered status and outlining the required actions under

How to fill out notice of endangered status

How to fill out Notice of Endangered Status for the 2011-12 Plan Year

1. Obtain a copy of the Notice of Endangered Status form for the 2011-12 Plan Year.
2. Carefully read the instructions included with the form to understand required information.
3. Fill in the plan name and identifying details at the top of the form.
4. Indicate the plan year for which the notice is being completed (2011-12).
5. Provide financial data regarding the plan’s funding status, including the latest actuarial valuation.
6. Detail any measures that have been or will be taken to improve the plan’s funding status.
7. Include information on participant demographics and any potential benefit cuts.
8. Review all information for accuracy and completeness.
9. Sign and date the form as required.
10. Submit the completed form to the appropriate regulatory agency and distribute copies to plan participants.

Who needs Notice of Endangered Status for the 2011-12 Plan Year?

1. Plan sponsors of pension plans that are at risk of becoming insolvent.
2. Participants and beneficiaries of the pension plan to be informed of the plan's endangered status.
3. Regulatory agencies that require notification of endangered status to assess the health of pension plans.

People Also Ask about

What are the different pension zone status colors?

The PPA created “zones” based on a multiemployer pension plan's funding status. Based on a pension plan's funding status, it may be in critical status (“red” zone), in seriously endangered status (“orange” zone) or endangered status (“yellow” zone) or outside of these categories (“green” zone).

What does critical status mean?

Critical Status in Computer Science refers to a state where a node or sensor is crucial for maintaining network connectivity and functionality, often requiring immediate attention or action to prevent network failure.

What is the funding status for multiemployer plans?

The aggregate funded percentage for all multiemployer plans was 97% as of December 31, 2024, up from 89% at the end of 2023.

What is critical and declining status?

Critical and Declining: This is the new zone status that applies if the plan is in Critical status for the current plan year and is projected to become insolvent in the current year or any of the succeeding 14 plan years.

What is critical status for multiemployer plans?

There are several criteria that plans uses to determine critical status. However, in general multiemployer pension plans that are less than 65% funded (but not projected to be insolvent in the next 14 or 19 years) are considered to be in “critical status” (aka red zone).

For pdfFiller’s FAQs

What is Notice of Endangered Status for the 2011-12 Plan Year?

The Notice of Endangered Status for the 2011-12 Plan Year is a formal notification required for certain pension plans that are considered to be at risk of financial failure, indicating that the plan is not adequately funded.

Who is required to file Notice of Endangered Status for the 2011-12 Plan Year?

The trustees of multi-employer pension plans or single-employer plans that meet specific criteria under the Pension Protection Act must file the Notice of Endangered Status for the 2011-12 Plan Year.

How to fill out Notice of Endangered Status for the 2011-12 Plan Year?

To fill out the Notice of Endangered Status for the 2011-12 Plan Year, follow the instructions provided by the Pension Benefit Guaranty Corporation (PBGC), including reporting on the financial status of the plan, funding levels, and projected financial conditions.

What is the purpose of Notice of Endangered Status for the 2011-12 Plan Year?

The purpose of the Notice of Endangered Status is to inform plan participants, beneficiaries, and other stakeholders about the financial health of the pension plan, ensuring that they are aware of the risks associated with the plan's funding status.

What information must be reported on Notice of Endangered Status for the 2011-12 Plan Year?

The Notice of Endangered Status must report information such as the plan's funding percentage, projected contributions, assumptions used in financial projections, descriptions of the plan's funding improvements, and any actions required to address the funding issues.