PPA/Distribution Notices

[austin3515]

Corbel just put out this release. What is people's take on the new distribution notice rules? Sounds like there will no longer be a "Safe harbor" notice applicable to all plans. Rather, we need to let people know what investments are available to them? What a giant pain!!!

Has anyone seen an "implementing PPA" workshop announced anywhere?

http://www.relius.net/News/technicalupdate...?ID=354&T=P

[mming]

A few days ago I received a flyer from Sungard, who acquired Corbel, that they'll be having a three-day PPA seminar in Florida (Orlando?). You can probably access info about that from the website you posted.

[Peanut Butter Man]

I've received email about several seminars covering this topic. On the left-hand sidebar, there is a link for upcoming seminars. You can search there for one on PPA Distribution Notices.

I saw an article from BNA or CCH reporting that the IRS will be issuing guidance in April on what the notices should contain.

[blue]

Has anyone started sending out the participant distribution notices?

We just received a revised version of the Sungard's distribution notice (it is even longer than the first version). Sungard stated, the Treasury officials have disclosed, in informal discussions, they intended greater emphasis on: (1) fees and expenses associated with leaving a participant's account in the plan; and (2) any special fee arrangements available to participants in the plan that might be advantageous to the participant.

Our website includes a link to morningstar. Morningstar already lists the fees associated with each fund. Has anyone thought of incorporating into the notice language that would direct them to the website were the fees can be found instead of attaching the list of funds and fees?

If you feel like sharing, it would be interesting to see how others are handling this notice requirement.