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Update on PPA Participant Benefit Statements (PDF)
The ERISA Law Group
July 31, 2007
14 pages. Excerpt: We believe that there is a need for a single party to have oversight to ensure that all of the legal requirements are met, as opposed to allowing the plan's various service providers to address the two or three issues that they determine they will address without consulting with the other service providers, professionals or the client. The current good faith standard (until regulations are issued) is perhaps encouraging the involved parties to be lazy or less careful than they ought to be. This mindset should be avoided because[.]
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