Guest PAUL DUGAN Posted November 12, 2006 Posted November 12, 2006 Has anyone seen a sample of the new law diversification notice to be given by 11/30/2006 for calender year ESOPs plans.
FormsRstillmylife Posted November 13, 2006 Posted November 13, 2006 We have some plans that do not do participant investment election and have done annual accounting in the past. We are proposing that they comply with quarterly elections beginning with 3/31/2007 and a notice 30 days in advance of that. We are hoping for notice guidance before that and confirmation that this approach is appropriate.
AndyH Posted November 13, 2006 Posted November 13, 2006 There was a law firm "Tax Advisory" on the newsletter Friday ( I think) that said basically that the notice is needed by 12/1/2006 for a calendar year plan with publicly traded securities and that there would be nothing issued by the IRS before then.
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