Participant statements

[BG5150]

Do the periodic (quarterly) statements have to break down the assets into sources of money? Assume same vesting schedule for ER money.

For example, can the statement have:

Deferral: $6,345.21

Employer: $49,837.90

Rollover: $19,048.67

Where in the employer bucket there's match & PS money. (Again, on same schedule)

Or does it have to be:

Deferral: $6,345.21

Profit Sharing: $45,824.89

Match: $4,013.04

Rollover: $19,048.67

(I know the latter is preferable to the participant, but does it HAVE to be broken out like that?)

[Jim Chad]

FWIW I would think the short form is OK. However I do think that Safe Harbor Contributions would need to be reported separately form other Er contributions.

[BG5150]

FWIW I would think the short form is OK. However I do think that Safe Harbor Contributions would need to be reported separately form other Er contributions.

Agreed.