We've made significant investments in our processing systems so that we are
able to offer our clients:
-
Daily valuation of participants accounts
-
Option to establish up to six (6) different contribution accounts for
record keeping purposes
-
Daily processing of all plan and participant transactions including
investment transfers, contributions, distributions and loan processing,
using our state-of-the-art record keeping system
-
Ability to accept contribution allocations information electronically,
which eliminates data entry and allows us to process your information
accurately and quickly
-
A toll-free 800 number for participants to use to access current account
balance information, review current investment elections or request
investment transfers among the variable investment options in the plan
-
Tax reporting of participant distributions, including withholding of
federal and state taxes, if applicable, and preparation of Form 1099-R
-
An audit package with information auditors need to complete independent
audits for qualified plans with over 100 participants
-
Quarterly participant statements mailed 10-15 days after the end of
quarter, reflecting beginning balance, activity in each investment option
and ending value of each participant's account
-
Confirmations to contract owners of all transactions, including deposits,
withdrawals and participant investment transfers