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Permitted Disparity


Guest jetfaninmn
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Guest jetfaninmn

Under the PPA 2006, does a defined contribution plan have to disclose on participant statements the explaination of Permitted Disparity of is this just applicable in Defined Benefit Plans.

The Requirement language within the law itself states under Section 508, under defined benefit plans:

"shall include an explanation of any permitted disparity under section

401(l) of the Internal Revenue Code of 1986 or any floor-offset arrangement

that may be applied in determining any accrued benefits".

Defined Contribution Plans are not mentioned.

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