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What Masteff us describing in #3 is a simple balance forward method of recordkeeping. You can even add small wrinkles and keep it rather simple. For example if you make regular deposits into the trust through the year which are just 401(k) money you can give the new money a 50% weight. That assumption was the norm in balance foreward recordkeeping in the '90s and currently for the few that remain balance forward. It just has to be reasonable. In short a simple recordkeeping system can be set up for one person on a spreadsheet.

There is this language in the preamble and then there is the debate about what "practicable" means... The final rule, however, also recognizes that there may be circumstances when changes must be made within a time frame that precludes compliance with the 30-day advance notice requirement, such as the immediate elimination of an investment option when it is determined to be no longer a prudent investment alternative. In such cases, the rule requires that information be furnished as soon as reasonably practicable.