Even if you no longer have funds within your Guideline 401(k), we must keep your participant account accessible for a period of time after you have left the company that sponsored your plan. This ensures we are able to provide legally required notices and any contributions that may be owed to you. Many plan activities occur after the end of the plan year (typically the calendar year), and it is common for there to be additional transactions necessary in the following year.
Notice requirements apply to both current and former plan participants, including those who have distributed their funds or did not contribute to the plan. In addition, we are required by the IRS to maintain information regarding your plan account for 6 years, plus the current year.
Required notices may include:
Form 1099-R for distributions (typically posted in January following the year of distribution)
Summary Annual Reports (typically issued by September of the year following the report)
Summary of Material Modifications
Records regarding any corrective or trailing contributions for your account
If you still have funds in your account that you’d like to withdraw or rollover to a new plan, then you can learn more about the distribution process here.
If you wish to opt out of any non-plan specific emails, feel free to contact our Participant Support team with your request.