Guest halka Posted October 12, 2001 Posted October 12, 2001 Assume a 401k plan w/ publicly traded employer stock as an investment option. Trading of the Eer stock is 'temporarily' suspended by NASDAQ. We have frozen the Eer stock option and are communicating situation to Plan participants. QUES: 1. Should Participant statements reflect last trade value (w/ alert it is not current)? 2. If #1 is NO, what value/procedure should be used? 3. Is there a fiduciary duty seek an independent valuation or negotiate a private sale while suspension is in effect? 4. Any other good advice or experiences on this situation?
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