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Notice of elimination of distribution option


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My understanding is now that the 411(d) regs. are final, participants do not have to be notified prior to the elimination of a distribution option from a DC Plan as long as there is an otherwise identical lump sum available. Is this correct ?

I know it is good PR and the SPD / SMM requirements are still in place, but I just want to be sure I understand the minimum required.

Thanks.

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