FAS 157

[Guest CRM]

Hi, I work on several 401(k) plans and review the 5500's from recordkeepers (TPA's). I know that starting for 2008, the FAS 157 is now required - does this apply for both large and small plans? From what I have read, I can't tell if this disclosure applies to large plans only (as these would be required to be audited) or if this also applies to small plans. The TPA's have only provided the 5500, but are they required to also provide the FAS 157 disclosure or is this something that the plan sponsor has to provide? Has anyone else had an issue with this? Thanks