Fund Changes and Participant notification

[52626]

Plan is going to remove 2 funds and add two replacement funds.

Participants will receive notice 30 days prior to the change date.

Question:

Does the notice to the participant regarding the fund change need to include the information about the new funds: i.e.. expense ratio, benchmark, performance history etc.

The platform for this plan stated all the client needed to do was add the link where the participant can access the fund data sheet. Not the platform does no work on these notices, leaves it up to the client.

With other platforms they provide the specific data about the new funds i.e. expense ratio, benchmark, performance etc.

When changing funds is it sufficient to just provide the platform's web link for the fund?? What if the participant does not have access to a computer ( these employees still exist!!).

[Lou S.]

I am fairly confident that a notice with a link to the information is sufficient but that hard copy data must be made available upon request, at no charge, to those who do not wish to or cannot access info on line.