404(c) Safe Harbor Provisions

In addition to the general safe harbor requirements, 404(c) requires the following:

1. Notification in writing of intent to constitute a 404(c) plan
2. At least three different investment options
3. Opportunity for participants to give investment directions
4. Opportunity for participants to change their investment strategy or allocation consistent with other investment alternatives in the plan
5. Opportunity for participants to change their investment strategy or allocation so as to minimize risk of large losses
6. Information and education on the different investment options
7. Opportunity for participants to change their investment strategy or allocation with a frequency that is appropriate in light of market volatility; at least quarterly
8. Plan administrator must comply with participant disclosure requirements as per 404(a)(5)