Is there any notice that is required to be given to a terminated participant who has requested a distribution that the plan assets have been revalued as of a certain date? Our current administrative forms do provide for informing the participant that "as of _________ (date), the value of your account under the XYZ Plan was $??????" . I would think that it would be sufficient to reflect the interim valuation date within that blank and answer any participant questions that may arise rather than notifying all participants that an interim valuation was done as of ???? date and for the following reasons: 1,2,3,4,5,....
Anyone have any comments? Thanks in advance.