BG5150 Posted January 9, 2024 Posted January 9, 2024 Plan as-written was participant directed but everything was invested in a pooled account. For a bunch of years. Currently, they are with a record-keeper and everyone is directing their stuff moving forward. What's the fix for the prior years? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Bri Posted January 9, 2024 Posted January 9, 2024 I suppose the document might say if the participants fail to give the trustees their investment instructions, there could be a provision that it falls back to the trustees' prudent judgment. And if a properly discloses SPD tells participant they can choose their own, and they then didn't go and choose anything..... Luke Bailey 1
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