What will ERISA Consultants require on an annual basis?
Data Collection Package ERISA Consultants will issue a Data Collection Package on an annual basis to the employer. The employer or the employers representative (i.e. accountant) will complete the Data Collection Package and return it to ERISA Consultants. It is important that the financial consultant and/or the client maintain a file of the investment statements associated with this plan and be prepared to provide a copies upon request. In most cases, we will only require a copy of the December statement each year (but please be prepared to provide additional statements if necessary). **If the client will be using more than one account per participant within the 401(k) Plan, ERISA Consultants will require a consolidated investment statement for each participant.
