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My PAA Filing Team Members:
PBGC often receives premium payments without the required information to automatically post to a plan’s premium account. When this occurs, processing payments take longer, resulting in invoicing with accrued late fees and interest.
To prevent late fee and interest accruals, please ensure all PBGC premium payments include the following:
- EIN/PN
- Plan Year Commencing Date (PYC)
- Plan ID
- Contact Name
- Phone Number
Providing all accurate information noted above will allow payments to automatically post to the corresponding account. Last year, we received some premium payments with missing information, which can prevent payments from automatically posting to the plan’s premium account.
PBGC offers a variety of ways to submit premium payments:
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My PAA – PBGC’s free and secure online filing website.
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Pay.gov – This option is also free and secure.
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Automated Clearing House (ACH) initiated through your financial institution. Note: Your financial institution may charge a fee for this service.
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Fedwire initiated through your financial institution. Note: Your financial institution may charge a fee for this service.
- Paper check
Electronic payment options are much more reliable than wire or paper check payments.
To avoid issues, we highly recommend using My PAA – PBGC’s secure online filing portal – when submitting premium payments. Payments made through My PAA always post correctly and promptly. If you don’t have a My PAA account, opening one is simple and easy.
Additionally, the portal includes detailed premium payment instructions and other useful information.
If you have additional questions, please contact PBGC’s Premium Customer Service Center:
Email – pbgc_premiums@custhelp.com
Phone – 1-800-736-2444
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