4 replies to this topic

[Tom Poje]

does anyone have a sample?
I've dummied up a safe harbor notice the best I can, looking for any comments if I have missed anything, etc.
the highlighted parts pertain to the auto enroll requirements (unless as I say I have missed something. )
If I wait for the govt, well it might be forever.

[Tom Poje]

the sample language for automatic enrollment ws released by the IRS yesterday, and looks like the following.
(Guess I need to modify my initial attempt a little, [still, I should be able to get a form to be produced out of Relius])

now my goal is to get it to 4 pages

[John Feldt ERPA CPC QPA]

What do you think will satisfy this part:

"You must describe the Plan’s QDIA, including its investment objectives, risk and return characteristics..."

This will be specific to the default fund - I'm thinking we may need something like a morningstar report and and perhaps have the notice refer to that?

[Tom Poje]

I agree with you. with lack of any other example, I am going to include the Return and Risk described on the Morningstar disclosure, along with the investment strategy/category description, and also the brief composition of the portfolio analysis.
I only have one at the moment, a non-safe harbor, and have managed to squeeze it all into 3 pages.

[four01kman]

You also may have to send a copy of the prospectus, if you are using a single fund; or several, if there are multiple funds. Or, in the absence of mutual funds, a "detailed" explanation of how the investment works.