MODULE 1 –

ADMINISTRATIVE

Plan document

• Adopt and Maintain Plan Document
• Adopt amendments to comply regulatory and discretionary changes
• Interpret plan document

Nondiscrimination & Testing

• Authorize corrective action, refunds and/or distributions for nondiscrimination testing and annual limit failures
• Adopt amendments to correct nondiscrimination and coverage failures

Distribution, Loans & QDRO

• Receive and authorize participant distribution and loan requests
• Verify and authorize allowable amounts for distributions and loans x Authorize (payroll provider) to remove loan payments from payroll
• Communicate with participants regarding distribution and loan issues, authorization and denials
• Receive proposed QDRO submissions and determine validity
• Advise parties of the receipt of proposed QDRO and provide copy of QDRO procedure
• Approve segregation QDRO balance and authorize distribution to alternate payee

Reporting and Other

• Sign government forms x Monitor and Review Fidelity Bond

MODULE 2 –
ENROLLMENT, PAYROLL AND OTHER RELATED FUNCTIONS

• Determine eligibility
• Provide enrollment materials: enrollment forms, beneficiary designation and elections
• Receive, review and retain completed elections
• Provide completed elections to fundholders, payroll service, and Plan sponsors
• Review and ensure auto-enroll & autoincrease procedures
• Confirm salary deferrals and loan payments are properly reflected on pay date payroll reports
• Submit salary deferrals and loan payments
• Ensure timely remittance of salary deferrals and loan payments