DC Plan Relative Value Disclosures

[Guest ASmithKochCPA]

We have several defined contribution retirement plan clients using distribution forms prepared by a local attorney with a large ERISA practice. He has included a disclosure paragraph on the distribution forms for the new required Relative Value disclosures. There is a blank in the paragraph to enter the approximate monthly annuity payment should the participant choose the annuity option.

We have been unable to find an easy solution for the calcuation of those annuity values. One web site, www.immediateannuities.com only provides a calcuation if the participant is age 40 or over. This doesn't work in many cases.

Does anyone have a solution for getting estimated annuity payment amounts or other options for complying with the relative value regs?

Thanks.