SAR / Late Deposits

[austin3515]

FT for the first time on the 2014 SAR's is adding into the SAR the disclosure that there are "non-exempt transactions with parties in interest" (or something to that affect) when we indicate that there were late deposits.

Are other software providers doing this too? It is a true statement of course, but I am just curious if there was any printed position on this from DOL, etc. I know for example that we do not attach the Schedule G for these on an audited plan. Somehow I doubt the DOL ever said "it's ok if you don't tell your participants about this" but thought I would ask.

[Kevin C]

Is the new language in the Your Rights to Additional Information section? Or, somewhere else?

2520.104b-10(d)(3) lists non-exempt transactions with parties-in-interest as one of the items to be listed in that section of the SAR if it is included in the annual report.

[austin3515]

I agree it is required (and yes that;s the disclosure), our Software just didn't start including it until recently.