Participant Notice For Self-Directed 401(k) Plans

Is there a requirement that participants must receive a notice every quarter that states that info regarding their account may be provided to them via multiple statements (e.g., a statement from the investment company and one from the TPA)?  

We do it every quarter.

Yes, it is required - if applicable.  So we do it quarterly for plans with brokerage accounts or where otherwise the statements are inadequate.  DOL FAB 2006-03.  Also discussed in ASPPA asap 07-08 (brilliantly written ).

Of course we are still waiting for the sample language from the DOL that was required to be provided within one year of PPA ('06).

2 hours ago, Bird said:

Also discussed in ASPPA asap 07-08 (brilliantly written ).

I think it is ASPPA asap 07-09, but still brilliantly written  

Got a link? 

http://www.asppa.org/Portals/2/PDFs/GAC/ASAPs/07-09.pdf

Do participants with no balance and no account who are eligible but contributing at 0 % need to be given the quarterly statement as well as those participants with balances or accounts?

9 hours ago, Lawrence said:

Do participants with no balance and no account who are eligible but contributing at 0 % need to be given the quarterly statement as well as those participants with balances or accounts?

Yes