From the Transamerica Center for Retirement Studies:
On October 12, 2007, the Department of Labor issued Field Assistance Bulletin (FAB) 2007-03 providing guidance on the deadline for furnishing benefit statements by defined contribution plans that do not permit participants to direct the investment of their accounts.
... the DOL has extended the good faith compliance deadline for defined contribution plans that do not permit participants to direct investments. Pending issuance of further guidance, this new deadline has been extended to the filing deadline for Form 5500 (including extensions). This new deadline allows plan sponsors to use much of the information compiled for preparation of Form 5500 in preparing the pension benefit statements.
Download and read Field Assistance Bulletin (FAB) 2007-03 (PDF).
Posted on Saturday, October 20, 2007
by Brad Neese
filed under