Remote Kathleen

Our company is small and deals with small plans. Are there other TPAs out there that have non-participant directed funds that need the new lifetime income disclosure coming up in September? We also have fiscal plan year ends, and I have several 9/30 plans. What type of solution have you found for this or are you already using a product that will produce this disclosure? Thanks for your help!

Thanks Peter! Yes, I was thinking the same thing. Aren't there better ways to tie a distribution from a plan to the status of that plan?

So this is the 2nd time this has happened in 2 days. I have a large financial institution demanding that I send them the Determination Letter for a plan that has less than 10 participants in order to roll over money to an IRA on behalf of an old employee. These plans are small and do not have their own Determination Letters with their name on it (I do not want to start sending around my company's Opinion Letter). The financial institutions refuse to accept any other documentation. Is anyone else having this problem? Possible solutions? Thanks!

When I send out the safe harbor notices for each plan to our clients, I have a section on the cover letter with each participant's name and a space where they can initial (these are all small plans). The clients return the letter to me after everyone has signed. It's already been helpful on one occasion where a participant tried to claim they were not aware of a plan provision.