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401k Benefit Statements Change Due to Pension Protection Act

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woman reviewing 401k statement

The Pension Protection Act of 2006 (PPA) contained several changes that become effective during the 2007 plan year (or later for collectively bargained plans). One such change is the requirement of more frequent, and more detailed, pension benefit statements. If your 401k plan allows for participant direction of investments, benefit statements must be provided quarterly. [...]

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