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Rhode Island Now Requiring Financial Information from Church DB Plans with 200 or More Members
Groom Law Group Link to more items from this source
[Guidance Overview]
July 9, 2019
"The language of the statute raises a number of practical and jurisdictional questions. For example, do the plan sponsor or the plan administrator need to be located in the State of Rhode Island? Do the plan members need to be in the State to count towards the 200-member threshold, or to be required to be provided notice? And if so, how does the plan determine if a member is a resident of the State? Further, do the notices need to be compiled under ERISA actuarial assumptions?"

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