It is common for defined benefit plans to require participants pay $350 to obtain an updated statement of accrued benefits, once one has been provided for free in a given year? Would this constitute good faith compliance with FAB 2006-03?

How important is it for a participant to get an updated amount? If the price is $350, that seems reasonable for the amount of detail, potential liability, and complexity of many defined benefit plans.

Otherwise, they can make plans based on last year's information.