Belgarath Posted March 29, 2022 Posted March 29, 2022 So, suppose the 12/31/2021 statement was already mailed, but without the lifetime income illustration. Can the illustration be sent now as a "stand alone" or must the EBS be re-sent with the lifetime illustration attached? I believe it is the latter - I haven't seen anything allowing a stand-alone in this situation - wondered if I've missed anything.
Peter Gulia Posted March 30, 2022 Posted March 30, 2022 Here’s a hyperlink to the eCFR’s display of 29 C.F.R. § 2520.105-3(b) https://www.ecfr.gov/current/title-29/subtitle-B/chapter-XXV/subchapter-C/part-2520/section-2520.105-3#p-2520.105-3(b) While I don’t give advice to anyone, in my view it’s safer to reissue the statement and include in it the required lifetime-income illustration. Peter Gulia PC Fiduciary Guidance Counsel Philadelphia, Pennsylvania 215-732-1552 Peter@FiduciaryGuidanceCounsel.com
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