http://qualifiedpensionconsulting.com/ppablog/2008/05/13/dol-working-group-ideas-for-benefit-statements/ Published by Suzanne L. Wynn, Esq., LLM Tax. of Erisafile / Qualified Pension Consulting Inc. Sat, 05 Nov 2011 17:33:01 +0000 hourly 1 http://wordpress.org/?v=3.1.1 http://qualifiedpensionconsulting.com/ppablog/2008/05/13/dol-working-group-ideas-for-benefit-statements/#comment-133 Rosemary Raymer Thu, 15 May 2008 19:39:55 +0000 http://qualifiedpensionconsulting.com/ppablog/2008/05/13/dol-working-group-ideas-for-benefit-statements/#comment-133 We need more guidance on statements for non-participant directed defined contribution plans. What is meant by providing a list of assets? Will copying the year end investment company statement suffice? Can participants simply be notified that a list of assets is available at the plan sponsor's office? Should the individual participant's pro rata share of each asset be listed on the statement with the other required disclosures? There are so many schools of thought among practitioners, we need detailed guidance. We need more guidance on statements for non-participant directed defined contribution plans. What is meant by providing a list of assets? Will copying the year end investment company statement suffice? Can participants simply be notified that a list of assets is available at the plan sponsor’s office? Should the individual participant’s pro rata share of each asset be listed on the statement with the other required disclosures? There are so many schools of thought among practitioners, we need detailed guidance.

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