Leaderboard

I have an entirely different approach, and perhaps this is impossible if you want to keep the client on your books...but I would make the client CERTIFY on the census 1,000 hour, 500-1,000 hours, or less than 500 hours. Exact number not needed. Put the onus on them, where it belongs. If a client is unwilling to make that decision and certify data, I'd politely show them the door. I certainly wouldn't make myself crazy trying to use an estimate that may or may not be accurate. I caveat this by freely admitting that there may be other intricacies in your particular document/administration/situation that would make my approach impractical or impossible.

I think they would've fired the Trustee, or the Trustee would've resigned. At the end of the day, asset placement is a Trustee responsibility. It is the Plan Sponsor who hires the Trustee. So, you're hiring someone to perform a duty and then undermining their position. Good Luck!

Which one sponsors the plan?