An Overview of Compliance for Pension Plans

Abstract

AbstractThis chapter presents an overview and interpretation of the major laws and regulations for both private and public pension plans. It focuses on three primary areas of compliance: the obligations related to reporting and disclosure; the funding requirements for defined benefit; and the requirements that a private pension plan must satisfy to count as a “qualified” plan under the tax code. The Sarbanes-Oxley Act of 2002 (SOX) is discussed, which has implications of which pension decision makers should be aware.