Revenue Sharing Realloaction Funds to participants

[Guest cdecastro78]

As a Plan administrator, we are looking to request for the first time an Allocation of Revenue Credit to participant accounts. How do you communicate this credit to paticipants? Is it appropiate to add a message under the Year-end statement, even if some of the participants are not going to receive this credit? How specific you want to be on this message?

[austin3515]

The allocation should be based on account balances? Disclosing this could never be a problem. It might not be mandatory depending on what your fee disclosure says. In essence, these are fees that are not being assessed though so the disclosures should be optional.

[chc93]

When we had this happen, the platform provider simply added this to "net gain" for the period, without any other information.