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Governmental 401(k) plan and SOx blackout notices


Guest Iwonder

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Guest Iwonder

Is a grandfathered governmental 401(k) plan subject to the Sarbanes-Oxley rules regarding blackout notices?

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Guest Iwonder
Is a grandfathered governmental 401(k) plan subject to the Sarbanes-Oxley rules regarding blackout notices?

I continued to research and found the answer, which was found in a footnote (Footnote 28) to the Senate Finance Committee report on NESTEG, 109-174, dated 11/2/05:

"Governmental plans and church plans are exempt from ERISA. Accordingly, the blackout notice requirement does not apply to these plans."

:D

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