Anon401kTPA

My gosh, thank you for sharing this! This list is amazing, and I'm sure took you lots of time. MUCH appreciated.

Brag 😅

Bob, may I call you too? I'm looking for similar.

Bird, I agree actually. The quarterly statements are different than the Lifetime Income Statements. I guess my better worded question would be: do the custodians supply a LIS along with their monthly/quarterly statements that they are already preparing for participants? This may be rhetorical, in that I need to address that with the custodian myself. Editing this post to add that my guess is that the custodians are NOT producing any sort of LIS. Thanks to all!

Thanks all. Lou S - you used the word "annually". Does my point #1 hold true? If the participant is being supplied statements monthly from their account-holder (platform or brokerage house), I would not need to duplicate that? Do I need to check with said custodian to see if they are supplying a LIS? Or do any of you know if they are/aren't? Back to your word "Annually" - if they are getting monthly statements already, may I provide this LIS once per year? Thanks again! Sorry - I just hate crap legislation like this that raises WAY more questions from the participants than answers. In fact, none of my plans offers an annuity, so this is really gonna bowl 'em over.

I have been doing this a LONG time, but I think I may have missed an important class somewhere along the way. 1) If a plan offers self-direction, the participants are getting monthly statements from the brokerage firm (ie, Merrill Lynch) or online platform (ie, Empower). These statements should satisfy the quarterly requirement. I do not prepare quarterly statements because my clients do not wish to pay me to do so. 2) If a plan does not offer an annuity form of payment, what purpose do these silly things serve? Thanks.