Diversification Notice

[PMC]

What is your reading of PPA with respect to providing a diversification notice to participants -

If a plan already satisfies the diversification requirements, do you think PPA still requires that the plan provide participants the notice informing them of the new rules, i.e. essentially informing them of their rights to do what the plan already allows them to do?

[Guest jims]

There seems to be a growing attitude among law firms that the diversification notice is required since it is part of a new law. Thirty days advance notice from the 1/1/2007 effective date would mean a December 2, 2006 deadline. Yet, there is no model language available yet?!? This creates quite a dilemma...and almost contradicts my point saying its required. We need the DOL to speak up and soon!

[blue]

Does anyone have an employer stock divestiture notice they would like to share??

[PMC]

Notice 2007-107 just released.

[blue]

Thanks!!!

Now my next question. Where can I find this notice. I tried the IRS website and was unable to locate the notice.

[JanetM]

They issued the notice today? Don't seem to find anything on it.................. Where can we find it?

[Tom Poje]

here is the notice. it is 2006-107, not 2007 of course.

[Everett Moreland]

ftp://ftp.irs.gov/pub/irs-drop/

blue and JanetM:

The above is usually a good source for newly-posted IRS revenue rulings, revenue procedures, notices, and announcements.

[blue]

Thanks for all the help!