Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Examining the Proposed Changes to SBC Requirements
Seyfarth Shaw LLP [Guidance Overview] Feb. 1, 2015 "Most notably, the new template SBC is only two and a half double-sided pages long, down from four double-sided pages. The Departments have created space by rearranging and deleting informational material in the template SBC that they deemed to be less useful after surveying consumers.... Despite the overall reduction in SBC length, the SBC will be required to include an additional coverage example going forward describing a hypothetical participant's costs relating to a simple fracture with an emergency room visit. Also, the SBC must now disclose whether the plan covers abortion services." |
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