Pooled 401k Accounts

[JMP]

Wasn't there a ruling a few years back that stated if an employer were to have 401k plan assets under a pooled account, then they were required to provided quarterly statements on the plan and that only providing an annual statement on the 401k pooled assets was not sufficient anymore?

 

[Bill Presson]

No.

[JMP]

so providing employees with their 401k balance annually only is still compliant?  

[RatherBeGolfing]

4 minutes ago, Bill Presson said:

No.

Bill channeling his inner @Mike Preston 😀

[RatherBeGolfing]

3 minutes ago, JMP said:

so providing employees with their 401k balance annually only is still compliant?  

If none of the assets are participant directed?  Yes.