Participant Statements

[Nassau]

Third Party is requesting duplicate statements in accordance with the Insider & Trading Securities Fraud Enforcement Act of 1988. The participant this is in reference to is terminated deferred and the letter states he is a trader or associated with a broker dealer registered with the CBOE. Please advise if this request is something the Recordkeeper/Trustee should adhere to in terms of distributing statements to other parties or if the Plan Sponsor should be notified and involved.

[ETA Consulting LLC]

I don't remember, but I'll ask them to verify whether they need this information from qualified plan accounts. I know they'll have to provide it for brokerage accounts (i.e. IRAs). I don't remember them having to get duplicate statements from individual account plans where the assets are held within a trust.

I think you are correct, but I'd ask them to verify the requirement.

Good Luck!

[QDROphile]

The plan sponsor has nothing to do with account records. Account records are not provided to anyone without participant consent absent legal compulsion (e.g. subpoena).