4/7/2004: ERISA Industry Committee Urges IRS to Postpone Effective Date of Relative Value Regulations (ERISA Industry Committee)

Excerpt: ERIC supports the general objective of the relative value regulations: to give plan participants a meaningful comparison of the relative economic values of the plan's optional forms of benefit. However, the period that the Treasury has given to employers and plan administrators to comply with the regulations is so brief that there is a grave risk that participants will not receive the informative and readily understandable disclosure that the Treasury seeks.