FAB 2009-03 explains how a plan, attempting to comply with ERISA Section 404(c) can rely upon the issuance of a summary prospectus.
Document Excerpt
May a plan fiduciary of a participant-directed individual account plan use a mutual fund’s Summary Prospectus, which has been provided to the plan under Rule 498 of the Securities Act of 1933, to satisfy its prospectus delivery obligations under the Department’s ERISA §404(c) regulations?
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