or monthly basis that a participant or beneficiary would otherwise have been eligible for as of the general effective date described in subparagraph (A), and (ii) information as to the rights and remedies of plan participants and beneficiaries as well as how to contact the Department of Labor for further information and assistance, where appropriate. (C) Form and Manner Any notice under subparagraph (A)— (i) shall be provided in a form and manner prescribed in regulations of the Secretary of Labor, (ii) shall be written in a manner so as to be understood by the average plan participant. (3) Model notices The Secretary shall— (A) prescribe model notices that the plan sponsor of a composite plan may use to satisfy the notice requirements under this subsection, and (B) by regulation enumerate any details related to the elements listed in paragraph (1) that any notice under this subsection must include. (4) Delivery method Any notice under this part shall be provided in writing and may also be provided in electronic form to the extent that the form is reasonably accessible to persons to whom the notice is provided. 440. Limitation on increasing benefits (a) Level of current funded ratios Except as provided in subsections (c), (d), and (e), no plan amendment increasing benefits or establishing new benefits under a composite plan may be adopted for a plan year unless— (1) the plan’s current funded ratio is at least 110 percent (without regard to the benefit increase or new benefits), (2) taking the benefit increase or new benefits into account, the current funded ratio is at least 100 percent and the projected funded ratio for the current plan year is at least 120 percent, (3) in any case in which, after taking the benefit increase or new benefits into account, the current funded ratio is less than 140 percent or the projected funded ratio is less than 140 percent, the benefit increase or new benefits are projected by the plan actuary to increase the present value of the plan’s liabilities for the plan year by not