Trustee Directed DC Plan Statements Options

[zimbo]

We all breathed a sigh of relief when DOL allowed the annual statements due date for "balance forward" type plans to extend to the 5500 due date. However, there are still unresolved issues. How are people handling the following:

1. Permitted Disparity Formulas - Are you attaching language describing these allocation formula in trustee directed plans? Are the major software providers (Relius, Datair, etc..) providing any boilerplate language to be part of the statements?

2. Plan Asset Description - Are you including a description of the total value of each investment in the plan with each statement? Are you somehow breaking down each participant's ratable share of each investment in the plan? Are you ignoring this requirement abscent further DOL guidance?