keeping sources separate

[cpc0506]

We have become the new TPA for a plan that has lumped 401(k) money and the safe harbor match money into the same account for a number of years.

I have gone back to the prior adminstrator of the plan (a CPA firm) to ask for a split of the account between EE and ER funds. They are balking at providing the information.

Can anyone give me guidance on how to proceed? I told the CPA firm that sources should be separate for a variety of reasons, least of all hardship withdrawals and in-service distributions. Any other reasons?

[ETA Consulting LLC]

You're right, but don't need to list all reasons for them. I typically say "each source of funds carry its own regulatory requirements, so the sources should be recordkept separately". It's just a bad practice not to.

Good Luck!

[cpc0506]

You're right, but don't need to list all reasons for them. I typically say "each source of funds carry its own regulatory requirements, so the sources should be recordkept separately". It's just a bad practice not to.

Good Luck!

Great wording. Hope you don't mind if I use it. Thanks.