ERISA 404(a) Participant Disclosure Regulation Resource Center - 14

Annual Disclosure

Transferring Your Retirement Plan
Any time you make a change to plan, investment option or fee information that is included in your Annual Disclosure, you must notify your eligible participants of that change 30 to 90 days in advance of the change taking effect. Here are some examples of plan changes that require advance notice: •	 Investment options added or removed • Education workbooks that include the new plan, investment and fee information to use with employees becoming eligible to participate in the plan and existing participants, if applicable. • Quarterly disclosure of the dollar amount of fees charged to participant accounts, beginning when plan assets transfer to The Principal. (We cannot be responsible for disclosure of fees charged to participants accounts by the prior service provider.) NoTE: We will work with you during the transition of your plan to gather any necessary information, including the final list of investment options for your plan. For plans with a qualifying employer security, you will need to provide us with the following information: • Investment objectives or goals for the stock • Historical stock prices (for private securities only) • Dividend history (for private securities only) • Benchmark information (for private securities only)
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Newly Eligible Disclosure

Quarterly Disclosure

Communicating Changes

•	 Changes to the plan administrative expenses your participants pay or the expense collection method you use •	 Changes to participant transaction fees or adding/removing a participant-level service that has a fee IMPoRTANT: When you change the service provider(s) for your plan, most, if not all, of the information noted above will change. You must provide the advance notice to your participants 30 to 90 days before these changes go into effect. To help you provide appropriate notice to your participants, we will provide the following: • A sample Annual Disclosure notice reflecting the new plan, investment and fee information. You can deliver this information along with the plan’s Sarbanes Oxley (SOX) notice to your plan’s existing participants, beneficiaries and alternate payees during the implementation of your plan with The Principal.

ERISA 404(a) participant disclosure regulation overview

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ERISA 404(a) Participant Disclosure Regulation Resource Center

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