JMP Posted February 19, 2021 Posted February 19, 2021 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 Posted February 19, 2021 Posted February 19, 2021 No. John Feldt ERPA CPC QPA, RatherBeGolfing and Luke Bailey 3 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
JMP Posted February 19, 2021 Author Posted February 19, 2021 so providing employees with their 401k balance annually only is still compliant?
Popular Post RatherBeGolfing Posted February 19, 2021 Popular Post Posted February 19, 2021 4 minutes ago, Bill Presson said: No. Bill channeling his inner @Mike Preston 😀 Bird, Mike Preston, Bill Presson and 4 others 2 5
RatherBeGolfing Posted February 19, 2021 Posted February 19, 2021 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. Bill Presson and John Feldt ERPA CPC QPA 2
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