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Change in Plan Blackout Ending Date


“My client is changing his 401(k) plan to a new record keeper and is under a blackout. We anticipate the blackout may go longer than what he initially disclosed to the participants. What are the participant notification requirements when the end of a blackout period is extended?”

ERISA consultants at the Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans.

Highlights of discussion


If a 401(k) plan’s blackout period will run past the previously disclosed end date, the plan sponsor has the obligation to issue a second updated notice to affected participants and beneficiaries.