Retirement plan administration
Best practices for employers
Here are some of the “best practices” that employers can implement to streamline their retirement plan record keeping procedures.
Here are some of the “best practices” that employers can implement to streamline their retirement plan record keeping procedures.
Keep track of your employees’ records.
Keep complete and accurate payroll records. At the end of your plan year (calendar or fiscal year), you should be able to provide a report to your administrator that includes the following:
Provide to your pension administrator information about your company every year :
Keep a calendar of events for your plan so that you never push up against a deadline.