The Department of Labor's ERISA Advisory Council has released the final reports of the 2007 working groups on participant benefit statements, financial literacy for plan participants, and multiemployer plan expenses. The reports include several recommendations. The financial literacy group recommends that the Department of Labor (DOL) determine and publish best practices for the plan sponsor and fiduciaries to consider when providing financial literacy education. The benefit statement group recommends the development of a model pension benefits statement that inspires sponsors to add information and education without crossing the “advice” threshold. The plan expenses group recommends that the DOL propose regulations that permit multiemployer plans to pay for professional services that would generally be deemed settlor functions – e.g., plan design, merger, amendment and termination, without requiring that such activities be artificially characterized as fiduciary functions.