AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Compass
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Agencies Revise Regs for Summary of Benefits and Coverage
Cheiron [Guidance Overview] Sept. 4, 2015
"The June 2015 regulations generally relax the requirement to provide another SBC where the plan or insurer previously provided an accurate SBC per request.... Plan sponsors that are comfortable that their SBC distribution procedures and monitoring were consistent with the prior regulations and FAQs should not need to do anything. If uncertain, then: [1] Group health plans should review their current SBC distribution procedures to see whether they need to make any changes under the new regulations. [2] Plan sponsors that engage third parties to distribute the SBC should make sure that procedures for monitoring the arrangement and correcting compliance breaches are in place."
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