Field Assistance Bulletin No. 2009-03

This document is about guidance provided by the U.S. Department of Labor's Employee Benefits Security Administration on the use of a mutual fund's Summary Prospectus to satisfy the prospectus delivery obligations under ERISA Section 404(c) for participant-directed individual account plans. The bulletin concludes that the delivery of a Summary Prospectus satisfies the prospectus delivery requirements under the ERISA 404(c) regulations.