Summarized below are the significant issues and questions contained in the comment letters and the responses to each. Minor wording or punctuation changes that were suggested but not significant are not reflected in the appendix, although they may have been adopted.
The term “reviewers” in the appendix includes the Pension Committee and the ASB. Also, the section numbers and titles used in the appendix refer to those in the third exposure draft.
GENERAL COMMENTS
| Comment | Response |
|---|---|
| One commentator recommended that ASOP No. 4 explicitly recognize and state that many provisions would not apply to small defined benefit plans. | The reviewers disagree and made no change. |
