Administration and Record Keeping
You can rest assured that your employee's data will be processed in a timely and accurate manner because our recordkeeping system is built around the most widely-used daily valuations system in the country. Quarterly participant statements, investment of contributions, loans, withdrawls, and plan reports are all valued daily.
Using state-of-the-art systems, we are able to automate most aspects of your plan adminstrative requirements including:
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Administration
- Data Collection
- Daily electronic switching capabilities
- Electronic processing of payroll data
- Calcuations of payouts
- Daily valuation of accounts
- Timely and accurate reporting and processing
Reports, Forms, and Statements
- Quarterly or monthly participant statements
- Administrative forms
- Employer management reports
- Government forms
- 1099-R reporting
Investments
- The ultimate in investment flexibility
- Electronic trading with more than 5,000 mutual funds (no load)
- The choice of investment options within the same or among different fund families
- "Lifestyle" portfolios
Participant Access
- Account access 24 hours a day, seven days a week via the telephone or internet
- Participants can:
- obtain account balance information and status
- exchange current investment elections
- perform inter-fund transfers
- Internet access also provides advantage of printing transactional confirmations from the system
Participant Account Information
- Account Balance Inquiry
- Total Vested Access
- Balances for Each Fund
- Total Account Balance
- Source Vested Balance
- Investment Election Inquiry and Changes
- Fund Transfers
- Loan Inquiry (if applicable)
- Total Unpaid Principal
- Original Principal
- Total Principal Paid
- Total Interest Paid
- Hardship Available (if applicable)
- Personal Indentification Number (PIN) Changes
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