Yes, if your plan administrator is acting according to the requirements of the Employee Retirement Income Security Act of 1974 (ERISA) then you should know if your retirement is in trouble. Employers are required to provide plan participants and beneficiaries with a Notice of Significant Reduction in Future Benefit Accruals and with a Notice of Failure to Meet Minimum Funding Standards within a reasonable amount of time. Plan administrators are also required to provide other important periodic statements to participants and beneficiaries. Therefore, you should know when your retirement plan is in trouble.
