When sponsoring a retirement plan, a company's goal is to offer valuable benefits to employees but managing the plan can be burdensome for employers due to the expertise, time, and legal risks required. By delegating plan administration to an independent fiduciary like AdvisorTrust, sponsors can relieve this burden while ensuring compliance with ERISA. AdvisorTrust works with PCS to provide fiduciary outsourcing services that take responsibility for key administrative tasks like testing, notices, enrollments, contributions and distributions to protect sponsors from fiduciary liability.

1. When sponsoring a retirement plan, your goal is to offer a valuable benefit to
employees. For many plan sponsors, the level of expertise and the
commitment of time and energy required to adequately fulfill your
administrative responsibilities is an unwelcome burden. When coupled with
the significant risk of fiduciary liability, many plan sponsors want the relief
available through a proper delegation to an independent fiduciary. That’s why
AdvisorTrust works with PCS to offer administrative fiduciary outsourcing
services in accordance with Section 3(16) of the Employee Retirement Income
Security Act.
Plan Eligibility Determinations and Notifications
Approval and Delivery of Participant Notices (as
applicable, including Qualified Default Investment
Alternative, Safe Harbor, Automatic Enrollment and
Universal Availability notices, as well as the
disclosures required under Department of Labor
Regulation §2550.404a-5, the Summary Annual Report
and Summary Plan Description
Paperless Enrollment Services
Beneficiary Designation Services
Automatic Enrollment Administration
Non-discrimination Testing Review
Department of Labor (DOL) and Internal Revenue
Service (IRS) Audit Support
Monitoring of applicable IRS limits
Form 5500 (including applicable schedules)
Responsibility (including signature and electronic filing
and requests for filing extensions, if applicable)
Annual Plan Review and Benchmarking Report
Plan Document Compliance Services, including non-
discretionary amendments
Plan Operational Compliance Services, including
contribution monitoring
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Enrollment and Eligibility Services
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Compliance Testing Review and Reporting
Services
Vesting Approval Services
Paperless Loan Approval Services
Paperless In-Service Withdrawal Approval Services
Safe Harbor Hardship Withdrawal Approval Services
Paperless Termination Distribution Approval Services
Automatic Rollover Services
Required Minimum Distribution Calculation and
Approval Services
Computation with respect to the amount and kind of
benefits to which a participant is entitled
Qualified Domestic Relations Order (QDRO) Approval
Services
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Enrollment and Eligibility Services
Matching Contribution Review Services
Profit Sharing/Non-elective Contribution Review
Services Forfeiture Reallocation Review
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Employer Contribution Review Services
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