401K Plan Asset Information

Discussion in 'Financial Cents' started by RightHand, May 7, 2012.

  1. RightHand

    RightHand Been There, Done That RIP 4/15/21 Moderator Moderator Emeritus Founding Member

    By accident, one of my client's discovered just this past weekend that the details of their private 401K plan are available on the internet - complete with their Form 5500, the tax filing, and their EIN, how it's funded, etc. For the individual, it's valuable information but to the company, so much information is divulged that it opens them up to all type of problems. As a Plan Trustee for this client, I'm trying to find a way to change the name of the plan so it isn't associated with the name of the business. That won't secure privacy but it will reduce customers and uninvolved parties from easily gaining access to this private information.

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