New here. Thank you everyone for all of your posts. This board has been a life saver for me over the past few weeks as I just got asked to potentially be a plan sponsor for my company. Have been trying to get up to speed and familiar.
Question is.. In Part IV, Line 9 of the 5500. For Plan Characteristics. If the plan sponsor believes the plan to be 404© compliant, would there be any reason to not put Code 2F "ERISA section 404© plan – This plan, or any part of it, is intended to meet the conditions of 29 CFR 2550.404c-1."
After looking through some various 5500 filings from other companies to compare, there are some fairly large plans that do not have this 2F code. I would have to imagine plans of significant size have multiple eye balls on them and TPA's and what not that wouldn't allow for this to happen. Thoughts?
