EAPs and 401(k)s

[Guest qualified plan]

If an employer is establishing an EAP, would you be concerned if the EAP offers "Financial Advice," on the grounds that Financial Advice may include "advice" relating to investing in the employer's 401(k) plan? Would you think it reasonable to exclude such advice under the EAP?

Thanks in advance for your thoughts.

[Earl]

what's an EAP

thanks

[pmacduff]

Employee Assistance Program???

[WDIK]

A wagering individual would probably be smart to bet with pmacduff. However, if you like the longshots try Ecological Agricultural Projects or Extensible Authentication Protocol.

[Guest qualified plan]

Yes. Employee Assistance Program. <sigh>

[Alf]

Very reasonable. We would have the same concerns that you do until Congress does something on the education/advice front.

[Tom Poje]

(whew) I was afraid it was Eliminate All Pojes.

[Guest qualified plan]

Thanks for your reply, Alf. Of course, serious replies from others are also appreciated.

Also, since WDIK likes to play this game, I assume his moniker stands for:

Whenever Doable, I Korupt (message threads)...

[mbozek]

Employer provided financial advice could be considered a taxable benefit to the employee for the fmv of the service. Retirement planning services is a tax free fringe benefit under IRC 132(m) if provided on a nondiscriminatory basis.

[david rigby]

Enrolled Actuary Posse ?

[Blinky the 3-eyed Fish]

How about an EAP haiku?

Eager And Pompous

Exceedingly Angry Pimp

Eats A Pineapple