The premium rate for PBGC-insured multiemployer plans is $2.60 per participant per plan year.

Additional information on PBGC premium rates can be found in PBGC's Premium fact sheet or the more detailed Premium Payment Package.

When must premiums be filed?

All plans must file the Annual Premium Payment Form (Form 1) and make premium payments by the 15th day of the eighth full calendar month following the month in which the plan year began ("Final Filing Due Date"). In addition, large plans (that is, those required to report 500 or more participants on the preceding year's Form 1) must file the Estimated Premium Payment Form (Form 1-ES) and pay the estimated premium by the last day of the second full calendar month following the close of the preceding plan year ("First Filing Due Date").

Following is a general table of due dates for Form 1-ES and Form 1. A due date that falls on a weekend or federal holiday is extended to the next regular business day. See the instructions for Form 1-ES due dates applicable to a plan that does not begin on the first of a month.

For example, if a plan has a plan year beginning January 1st and the plan was required to report 1,000 participants on its 1998 Form 1, the Form 1-ES for the 1999 plan year must be filed by 3/1/99 (because 2/28/99 falls on a Sunday) while the Form 1 filing due date is 9/15/99.

Large plans pay only the flat-rate premium by the First Filing Due Date, and may pay an estimate if the actual amount is not yet known. The variable-rate premium is due by the Final Filing Due Date. All large plans that pay an estimate by the First Filing Due Date must make a reconciliation filing using the Form 1 by the Final Filing Due Date, even if they owe no additional premiums.

Small plans (that is, those required to report fewer than 500 participants on the preceding year's Form 1), new, and newly covered plans do not have to file a Form 1-ES. Instead, they file their Form 1 and pay the entire premium due by the Final Filing Due Date.

See Part C in the Premium Payment Package for a full list of the Form 1-ES and Form 1 filing due dates and for other filing due date information.

Who must file premiums?

The plan administrator of each PBGC-insured single employer plan and multiemployer plan is required annually to file the Form 1 and, if applicable, Form 1-ES and pay the premium due. PBGC insures most private-sector defined benefit pension plans in accordance with Section 4021 of ERISA. If you are uncertain whether your plan is covered, you should promptly request a coverage determination by calling our customer service representatives for coverage issues at 202/326-4000 or writing to PBGC, Technical Assistance Branch, Suite 930, 1200 K Street NW, Washington, DC 20005-4026. For TTY/TDD users, call the federal relay service toll-free at 1-800-877-8339 and ask to be connected to the number in the preceding sentence. A request for a coverage determination does not extend the due date for any premium that is finally determined to be due. If PBGC determines that a plan is not covered, we will review the plan's premium payments to determine whether any refunds may be made.

Where should premium forms and payments be sent?

It is very important that the premium forms and payments be sent to the right place. If you are unsure of where to send your form and payment, please contact PBGC for clarification (visit the PBGC website for the telephone numbers and addresses of PBGC's customer service representatives).

Send premium forms to:

Pension Benefit Guarantee Corporation
P.O. Box 64880
Baltimore, MD 21264-4880

If you pay by check, send the check with the premium form. Write the plan's EIN/PN, and the date the premium payment year began, on the check.

If you pay by wire transfer, send the wire transfer to:

First National Bank of Maryland
Baltimore, Maryland
ABA: #052000113
Account: #425-5265-5
Beneficiary: PBGC
Reference: (give plan's EIN/PN and date the premium payment year began)

Mailing addresses for payments and filings for the Missing Participants Program, plan terminations, and plan coverage requests may be found in PBGC's FAQs on Plan Terminations.

Where should inquiries be directed?

For premium-related inquiries and requests (e.g., requests for premium filing forms, premium booklets, premium refunds, reconsideration of premium penalty assessments, questions about Statements of Account and Past Due Filing Notices, or other premium filing matters):

Call 202-326-4242. For TTY/TDD users, call the federal relay service toll-free at 1-800-877-8339 and ask to be connected to the number listed above (202-326-4242).

Write:

Pension Benefit Guarantee Corporation
P.O. Box 64916
Baltimore, MD 21264-4916

See PBGC's FAQs on Plan Terminations for the appropriate telephone number and address for plan termination and coverage inquiries and requests, including questions about the Missing Participants Program.

When should I call the Premium Problem Resolution Officer?

If you have premium questions, problems or requests, you should first call our premium payer customer service representatives (202-326-4242), who have access to the information needed to respond to your inquiry or request. For TTY/TDD users, call the federal relay service toll-free at 1-800-877-8339 and ask to be connected to the number in the preceding sentence. If you still need assistance afterward or if you have a complaint about the service you have received, please contact the Premium Problem Resolution Officer at 202-326-4136 or via E-mail at premiums.pro@pbgc.gov. For TTY/TDD users, call the federal relay service toll-free at 1-800-877-8339 and ask to be connected to the number in the preceding sentence. If you prefer to write, send your letter to:

Pension Benefit Guarantee Corporation
Problem Resolution Officer (Premiums)
1200 K Street NW, Suite 670
Washington, DC 20005-4026

Does an IRS Extension for Form 5500 extend my PBGC premium filing due date?

No. An extension granted a plan by the Internal Revenue Service for filing the Form 5500 series does not extend the filing due date for the PBGC Form 1 premium filing. The Form 1 may be prepared using data expected to be reported on the Form 5500 (including Schedule B). If the data subsequently reported on the Form 5500 differ from those used on your premium filing, an amended premium filing must be submitted with the revised data.

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