ERISA is Hard. Consider outsourcing some of these 401k plan duties. Contact us or visit www.retirecents.com to find out how.

1. • Overall operational compliance
• Document compliance, mandatory interim amendments, restatements
• Form 5500
• Audit
• New hire processing
• ERISA bond
• ACA (automatic enrollment) administration
• ACI (automatic contribution increases) administration
• Default investment administration
• Determination of vesting and amount of distribution
• ERISA section 105 employee benefit statements
• Reasonableness of fees
• Prudent selection and monitoring of service providers
• Benefit determinations and disputes
• Administration of beneficiary rules
• Worker classification
• Nondiscrimination testing
• Summary Annual Report (SAR)
• Definition of compensation
• Allocation of unallocated monies by plan year-end
• IRC section 72(p) loan administration
• Contribution calculations and limitations
• Protected benefits
• Acceptance or rejection of rollovers or transfers
• Annual notices
• Segregation of assets by source
• Coverage testing and corrections
• Involuntary distributions
• Episodic notices
• Distributions
• Hardship distributions
• Qualified Domestic Relations Orders (QDRO)
• Lost/missing participants and unclaimed benefits
• Grandfathered plan provisions
• Plan termination and partial termination
• Spousal consents
• QJSA and QPSA
• Summary Plan Descriptions and Summaries of Material Modifications
(SPD and SMM)
• Timely remission of deferrals and loan repayments
• Timeliness of other required contributions
• Diversification requirements for plans with employer securities
• Blackout procedures
• Defined benefit plan duties
• Annual and quarterly fee disclosure (404a-5)
• Fiduciary fee disclosure (408b-2)
• Records retention under ERISA Sections 107 and 209
• Responding to participant inquiries
• Top-heavy minimum benefit
• Overpayments
• Personal liability under ERISA Section 409
Chris Richardson, Chuck Hammond and Elizabeth Johnides | 1649 Broadway | P.O. Box 1409 | Hanover PA 17331 877-730-9705Registered Representative, Securities offered through Cambridge Investment
Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research, Inc., a Registered Investment Advisor.
Cambridge, RRG, Inc., Retire Cents are not affiliated.
50 Chores of the 401(k) Plan Administrator