Page 7 - DCAC May 2024 Files
P. 7
• Individual corrections
o The Market Value correction of $11.4 million would be used to pay for corrections to
participants who have left the fund, and the remainder would be added to the
Market Value account,
o This correction is administratively complex and may take well over a year to
complete, assuming all necessary data is available.
o The impact on crediting rates will depend on how much of the correction is
attributable to participants who have left the fund and cannot be determined in
advance.
o The increase in participant balances would be significantly delayed relative to
Scenario 2.
o The impact on illustrative participant balances is included in the attached.