Employer Responsibilities Under a Traditional Single Employer Plan

  •  Establish Plan Provisions
  • Appoint Plan Administrator
  • Plan Document Administration
  • Administer Plan Provisions
  • Determine & Monitor Eligibility
  • Plan Operational Oversight & Compliance
  • Government Filings & Tax Reporting
  • Compliance Testing
  • Forfeitures & Suspense Accounts
  • Plan Audit
  • Approve Loans, Distributions, Terminations, QDROs
  • Participant Notices, Statements & Disclosures
  • Initial & Ongoing Employee Education
  • 404(c) Compliance (when applicable)
  • Appoint Investment Committee (optional)
  • Develop Quantitative & Qualitative Investment Process
  • Establish & Maintain Investment Policy Statement
  • Select Investments
  • Ongoing Monitoring of Investments
  • Remove & Replace Investments
  • Service Provider Selection & Oversight
  • Annual Plan Review & Valuation

Employer Responsibilities Under a Multiple Employer Plan (MEP)

  •  Provide accurate payroll and other data
  • Make timely contributions
  • Monitor fiduciary service provider(s)

 

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Pentegra Retirement Services 2 Enterprise Drive, Suite 408 Shelton, CT 06484 800.872.3473 www.pentegra