NVS

"If the asset does not have a readily determinable market value, then it must be valued by an independent third party appraiser." The stock is probably worth less than $2,000 at 12/31/19. The investment earnings on it for 2019 may only be a couple of hundred dollars. Must the employer hire an independent third party appraiser when the amounts are so small. My guess is that TPAs are not hiring an appraiser in these situations. Does anyone have a better solution that won't cause problems with the IRS? Thanks.

My client owns “Altaba, Inc. Escrow” stock as an asset in a pooled fund in its profit sharing plan. It allocates total plan investment earnings annually among plan participants. The stock is no longer actively traded on the stock exchanges and Fidelity lists its asset value at 12/31/19 as “not available”. How can I determine the value of this stock at 12/31/19 to use in calculating its investment earnings for 2019 to use in my total plan investment earnings to be allocated among plan participants for 2019?