The Pension Benefit Guaranty Corporation (PBGC) has launched a new version of the My Plan Administration Account (My PAA) premium filing application. It became operative April 26 and is ready to accept electronic premium filings for plan years beginning in 2021.
The updated version of My PAA features the following enhancements.
Screen-prepared filings. Applicable screens will display and request information based on information provided on previous screens and information stored within PBGC’s records. Multiple team members will be able review/edit draft filings without first being given “control” of the draft.
Uploaded filings. The updated version of My PAA will screen XML files for errors before the submission process is complete. It also will provide enhanced status tracking of uploaded XML files.
Improved communications. The updated version of My PAA includes an “Ask a Question” feature, an interactive communication tool with PBGC customer service representatives. It also provides streamlined training
Simplified processes. The updated version features simplified processes for:
- adding a new person to the My PAA Filing Team for a particular plan;
- filing for the first time; and
- updating information about the plan administrator.
Resources and Training Materials
The PBGC is providing resources and training materials about the updated My PAA on its web site. This includes information about premium payment and filing options, online demonstrations, Frequently asked questions, tips, a paper check voucher, a comparison chart of premium filing options and compatible private-sector software information.
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