How do vendors deal with the company stock confidentiality limits plac

[Guest Frank]

Can anyone share their experience with how vendors deal with the company stock confidentiality limits placed on the plan administator offering a company stock fund as an employee dircted investent in their plan? The plan administator cannot view participant level account positions in a company stock fund but must retain an independent fiduciary. Given valuation reports, statements, and sponsor level Internet access all provide Particpant level account positions, how have you seen vendors deal with this?

My sense is sponsor/plan adminstartor notifcation of the rule by the vendor as well as indemnification language in an agreement with the Vendor.

Thoughts?

Thanks. Frank.

[Jon Chambers]

Good question. I'd agree that in my experience, the vendors aren't dealing with it, and this could introduce 404© problems. As a plan consultant, I'll be interested in any comments from the vendor community.