What is the purpose of the stock ledger?
The Stock Ledger is a permanent record of the capital stock of a corporation. It provides specific information regarding who purchased shares at what price. Each time shares are issued, a new stock certificate is added to the ledger as a new line item. It’s also required by the IRS and Department of Labor – they require the most current information from your Stock Ledger when you file your 401(k) plan’s year end.
Since the time necessary to correct a ledger can delay the filing process, it’s important to keep an accurate Stock Ledger. So be sure to keep Guidant and your ledger up to date with any changes. If you make a change please send it to us at [email protected] so we have it on file.
Why is 401(k) plan listed as a shareholder?
You are using 401(k) Plan to purchase share in your C-Corporation and this transaction must be recorded to show this purchase on your behalf. Typically, this is recorded in the following format: Sample Inc 401(k) Plan F/B/O Joseph Sample.
Who will assist in completing the stock transaction?
The assigned account representative that you’ve been working with will help you complete the stock transaction during your QES and Final calls toward the end of the setup process.
Where do I find my stock certificates and Stock Ledger?
You can find your stock certificates and Stock Ledger in the same place. You can access these files via My Documents. You’ll see the files in the Final Documents zip file, under Corporation Structure & 401(k) Plan Administration Documents.
An updated stock ledger needs to be submitted if it’s your first year with Guidant Financial or if you completed an additional stock purchase.