Survey Results: Separating 401(k) SPD & Prospectus
Many have been warning about creating securities
law liability for ERISA plan fiduciaries where a "Summary Plan
Description" for a 401(k) Plan that offers a "Company Stock Fund"
investment choice incorporates SEC filings by reference (and the
filings later turn out to be inaccurate).
1. Our company (Total responses: n=30) (select only
one)
n=5 (16.67%)
Recently separated the 401k SPD from the prospectus
n=8 (26.67%)
Always separated the 401k SPD from the prospectus
n=10 (33.33%)
Is considering separating the 401k SPD from the prospectus
n=7 (23.33%)
Has decided to not separate the 401k SPD from the prospectus
1. Our company (Total responses: n=30)