Withdrawal Liability Asked and Answered:
All the Questions You Didn’t Know You Wanted to Ask…
- What is Withdrawal Liability and why does it matter to an employer?
- What obligations does the Board of Trustees have regarding Withdrawal Liability?
- How does the Board of Trustees identify an employer’s Withdrawal Liability?
- Is the contributing employer the only party responsible for Withdrawal Liability?
- What if the employer decides to dissolve their business?
- What if the company is sold?
- Can the plan go after a successor entity?
- What if the employer files bankruptcy?
- Does the employer always have to pay the full share of its Withdrawal Liability?
- Are there other limitations and exceptions affecting an employer’s calculated share of Withdrawal Liability?
- Is there only one way for the plan actuary to calculate Withdrawal Liability?
- When is the employer’s share of Withdrawal Liability fixed and could it ever change?
- What is a mass withdrawal?
- Can the Board of Trustees agree to accept less than the employer’s calculated share of Withdrawal Liability?
- How does the fund collect the Withdrawal Liability amount assessed?
- What impact did the recent FASB rules have on Withdrawal Liability for employers?