Nassau Posted May 16, 2011 Posted May 16, 2011 PPA states that in a plan where the participant has the right to direct the investment of the assets of their account that once each calendar quarter a statement must be furnished. Is it a regulatory requirement to include participants' vested balance on quarterly statements? If a client can only confirm vesting on an annual basis and the vested balance is only displayed on the 4th quarter statement, is this in compliance with the regulatory requirement?
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