New Plan Participant Benefit Statements...

New Benefit Statement requirements contained in the Pension Protection Act 2006 (PPA) are in effect beginning 2009 for retirement plans with participant -directed accounts.

The new Benefit Statements must be provided to those plan participants at the end of each quarter of the calendar year.  Compliance with these new requirements and the format and content of the Benefit Statements are under the direction of the Department of Labor (DOL).  For more information and the details currently available, visit the official DOL website.

 

 

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