During the blackout period
, the 401(k) plan would fail to meet the ERISA section 404(c) safe harbor requirement to provide for a broad range of investment options.
A company must provide notice to a participant (including a beneficiary) who self-directs investment of plan assets in a defined contribution plan and is affected by the blackout period
. It must also provide "timely" notice to the issuer of any employer securities held by a plan subject to the blackout provisions.
In either case, the fiduciaries could be liable for losses participants suffer during the blackout period
. The best course of action is to monitor the investments even more closely than usual, so you can make changes quickly if performance drops.
With respect to blackout periods
related to Hurricane Florence or Hurricane Michael, the Department will not allege a violation of the blackout notice requirements solely on the basis that a fiduciary did not make the required written determination.
('PetroShale' or the 'Company') (TSXV: PSH, OTCQX: PSHIF) announced today that it has received approval from the TSX Venture Exchange ('TSXV') to invoke automatic purchases of its common shares ('Shares') under its current normal course issuer bid ('NCIB') during the Corporation's internal blackout period
for its upcoming financial quarter.
Fedspeak is out of its blackout period
and Chair Powell headlines a list of key players who will be at the podium on Tuesday.
Pursuant to the Plan, before entering a blackout period
, Air Canada may, but is not required to, instruct the designated broker to make purchases under the Issuer Bid in accordance with the terms of the Plan.
The plan enables shares to be purchased during an otherwise self-imposed blackout period
between the fifteenth day of the last month of the quarter and the reporting of the company's financial results.
Furthermore, new blackout period
management eliminates manual intervention and simplifies release coordination.
8th and the six week blackout period
surrounding a general election, the special election for Senate District 45 can occur no sooner than December and therefore will be held on Tuesday, Dec.
There is a blackout period
from 14 to 22 February, inclusive.
EBay surged 6% after an earnings beat, while Electronic Arts stumbled 4.5% after a revenue miss from a delayed launch of "Battlefield V." Fedspeak has gone quiet heading into the blackout period
for next week's FOMC decision, though it will hold an "open meeting" today on prudential rules for large banks.