Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What records must an employer retain under this requirement–the participants accrued benefit, or the contribution history?

0
Posted

What records must an employer retain under this requirement–the participants accrued benefit, or the contribution history?

0

The plan has to do what is reasonable. What is reasonable depends on the circumstances. You might also consider how the new DOL position on charging for QDRO work might fit into the scheme. By the way, the “employer” does not do anything with plan records or data. The plan administrator or some other fiduciary has that function.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123