Helping Plan Sponsors reduce risk, lower costs, and streamline compliance.
Plan Rollouts simplifies small balance distributions for terminated participants. We access plan census data to identify employees with balances under the DOL limit, making them eligible for small balance rollouts. We then send the required notices by mail and track the delivery status to ensure compliance.
After sending the notice, we monitor the regulatory waiting period, then provide a participant list to initiate the automatic rollout. If a notice is undeliverable, we perform a location search to update the address, resend the notice, and restart the waiting period.
We manage the automatic removal of terminated participants with balances under $7,000, ensuring compliance while saving you time and money.
Eliminate risks associated with managing small, inactive accounts.
Fewer participants = lower administrative and audit costs.
We handle participant notifications and regulatory waiting periods.
We create a list of eligible ex-employees using the Plan's census data.
We send first-class, tracked notifications to eligible employees about automatic rollouts.
For any undeliverable notification, we find updated addresses and then resend the notifications.
We monitor the required waiting period set by the Department of Labor and Plan Sponsor.
We submit unresponsive employees' information to the custodian for automatic transfer.
We provide reports and records for regulatory compliance and audit purposes.
