Jump to content

Recommended Posts

Posted

On a Profit Sharing Plan where we send out the PPA notice once a year. The Plan is a pooled account in which I have been sending a list of assets and their values as of 12/31/07.

I have heard that we can show a percentage after each investment instead of a dollar amount.

Example:

Microsoft $40,000

AT & T 20,000

TowneBank 35,000

Microsoft 42.11%

AT & T 21.05%

TowneBank 36.84%

Is this correct?

I was just wondering because the total account balance of the entire Plan is over a million dollars with 4 participants in the Plan and a few of the participant's account balances are around $1,000 so the Employer does not want the employee to calculate how much each employee has in the Plan.

Thanks

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use