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Participant Benefit Statements May Be Changing
American Society of Pension Professionals & Actuaries [ASPPA] Link to more items from this source
[Opinion]
Nov. 18, 2014
"It had always been expected that at some point the DOL would supplant the benefit statement guidance in [FAB 2006-03 and FAB 2007-03] with actual regulations. The concern is that the new proposal slated for release in 2015 is likely to start from scratch rather than incorporate the rules that have been developed under the FABs. This could lead to a need for plan sponsors and their service providers to make significant changes in their existing processes."

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