Offshore Investments for Retirement & Savings Plans

[Guest Ann Clinton]

We have Non-US citizens enrolled in non-qualified savings & retirement plans that hold investments in funds that are domiciled offshore. The investments are not registered by the SEC in the US, nor by the Canadian counter-part to the SEC.

Our current problem: When we transfer these Non-US citizens to the US for a short year or two they come with exisiting balances in these savings & retirement plans. Our offshore administrator, will not allow the employees to move or change their investment mix on these prior balances, nor will distribute any fund information to them while they are in the US or Canada.

Any ideas of what other companies are doing would be helpful.

Ann