PPA and Quarterly Statements

[Dazednconfused]

hi,

Plan has pooled funds, however, participants can direct their contributions to funds within the pooled account. I believe that this is 'participant directed' and would need quarterly statements to participants, am I correct... Sponsor wants to go to semi annual val's but I don't believe he can do this under PPA.

Thanks,

Jason

[Jim Chad]

FWIW I agree with you. Quarterly statements are required.

[austin3515]

My opinion: Jack up the fees so high that they have no choice but to go to a platform... No good can come from these arrangements. They are awful...