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Do the Trustees believe that once a week trading is prudent for this group of participants? Especially with the amount of platforms that allow for daily transactions. (separate issue than yours, I know, but they may want to look into it.)

As promised, I didn't mention it in 2017, … but lo and behold, here it is again, my favorite sleepy, dusty, delta day. Hope you are all well. It's still fun to read your comments about the things I used to work on. My replacement at work gets updated here, too, so keep up the good work.

Come back and let us know what happens, if anything.

It's also "fair" to have no plans, take the income, pay the taxes and do whatever you want outside the qualified plan "world". Sometimes the tax-deferrals aren't worth "poking the bear" of the DOL and IRS rules.

Downside? Just the normal stuff. You'd need to make sure the recordkeeper can handle it but the participant probably won't be able to submit the contribution so the employer - or the computer system will have to do it. You'll have to deal with it when the ACH fails - either for lack of funds or because the participant decides they can't or don't feel like making the payment. You will get to listen to a unique and riveting story each time this happens and tall tales of how it all was just a big mistake and will get taken care of Friday...at the latest next Monday. They will want to refinance it. Your plan will become their personal bank account. If they have a large amount of money and you want to keep those assets in the plan, maybe it's worth it. Otherwise, if they want any money from the plan, make them take a lump sum distribution and get them out.