Publications

Other Notable PPA Provisions

Fall 2006
Susan E. Bernstein | Mark E. Brossman | David M. Cohen | Laurence M. Moss | Ronald E. Richman | Holly H. Weiss
Employment & Employee Benefits Developments - Fall 2006

Effective for plan years beginning after December 31, 2006, the PPA expands the disclosure requirements for qualified plans. For defined contribution plans, quarterly statements are required for participant-directed plans and annual statements are required for participants who do not direct their investments. Benefit statements must indicate the total account balance, the amount vested and information about the investments, including an explanation of portfolio diversification, a discussion of the inherent risk of holding more than 20 percent of the portfolio in a single security and a statement that additional information is available on the DOL website.