I have a $900,000 plan with 30 lives. One deceased participant has an account of $300,000 in this pooled account. We run quarterly valuations. The trust value has dropped 7% since the end of the last quarter. Are we permitted to run a special valuation to pay him and two others out? The other two distribution elections just happened to come in at the same time.
I would hate for all of the other smaller accounts to absorb the loss.
Regards,
Pixie