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DOL Clarifies Timing of Lifetime Income Disclosures in Benefit Statements
Kilpatrick Townsend 
[Guidance Overview] July 30, 2021 "Participant directed plans ... generally must furnish lifetime income disclosures by the benefit statement for the second quarter of 2022 ... For plans that do not allow for participant-directed investment, lifetime income disclosures must be included in the benefit statement for the first plan year ending on or after September 19, 2021, which ... for calendar year plans ... must be furnished no later than October 15, 2022." |
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