My understanding is for self directed 401(k) accounts - that the Income illustrations must be reflected on the June 30th statement. What are administration firms doing that have plans that utilize brokerage accounts? I do not believe broker dealers and going to show the illustrations and the simple answer is to make sure the compliance reporting and statements are prepared before June 30th (for those plans not utilizing a nice recordkeeping platform). However, that might not be that simple for my firm to accommodate (a. need to identify these particular plans, b. document restatements due) - Just wondering if anyone had any creative thoughts they are willing to share, heard if it might get extended, would doing by 10/15 in these cases be considered okay?, etc. Thanks in advance for any comments.
