Required or Not? Solo 401k Annual Asset Valuation.

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The fair market valuation of 401k assets is indispensable to compliance with the Internal Revenue Code requirements. The valuation of 401k assets must be accurately determined for: (1) Prohibited transactions; (2) Exclusive benefit violations under IRC 401(a); (3) Violations of the limitation on benefits and contributions under IRC 415; (4) Excess deductions under IRC 404; (5) Violations of the minimum funding requirements under IRC 412; or (6) Discrimination violations under IRC 401(a)(4). In a 401k the valuation of 401k assets will determine the value of a participant’s account, and ultimately, a participant’s distribution.

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