khn Posted September 30, 2014 Share Posted September 30, 2014 Having a debate...is 30 day notice required to participants in the event you are only adding a fund to a plan, with no mapping? We believe the requirement is only surrounding a blackout period, but certain recordkeepers are telling are clients it's a requirement when even just adding a fund. Link to comment Share on other sites More sharing options...
QDROphile Posted September 30, 2014 Share Posted September 30, 2014 Then certain record keepers can tell you the source of the requirement or they should be scorned. Bill Presson 1 Link to comment Share on other sites More sharing options...
Lou S. Posted September 30, 2014 Share Posted September 30, 2014 The record keepers who are saying that are taking a conservative position that the fee disclosure on the new fund needs to be distributed to participants 30 days prior to making a core fund. I'm not sure if I agree with them but that's the position they are taking. edit - for correct number of days Link to comment Share on other sites More sharing options...
QDROphile Posted September 30, 2014 Share Posted September 30, 2014 See ERISA reg section 2550.404a-5(d)(1): ... furnish to each participant or beneficiary on or before the date on which the participant or beneficiary can first direct his or her investment, and at least annually thereafter, the following information ... Employer securities are subject to special standdards. Link to comment Share on other sites More sharing options...
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