Relative Value for Money Purchase Plans?

[austin3515]

Do the relative value disclosures apply to money purchase plans?

[Belgarath]

What's a money purchase plan? Isn't that from the Cretaceous era?

But seriously, going from memory, I think they do, if it's a QJSA benefit.

[KJohnson]

I think that finanical effect is applicable but relative value is not.

http://www.groom.com/assets/attachments/co...g_with_new1.pdf

http://www.groom.com/assets/attachments/co...g_with_new2.pdf

But as to disclosing the actual benefit in the normal form, I think the regs speak to financial effect and relative value in one paragraph

(ii) Actual benefit must be disclosed. The generalized notice described in this paragraph (d)(2) will satisfy the requirements of paragraph (b)(2) of this section only if the notice includes either the amount payable to the participant under the normal form of benefit or the amount payable to the participant under the normal form of benefit adjusted for immediate commencement.