Daily vs Quarterly
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Daily Valuation Services
As a Qualified Plan
Administrators, Inc.
client, your participants have Internet
access to your retirement
plan. Our Daily Valuation
Services allow plan
participants to manage
their retirement plan
accounts using an Internet
connection and a standard
Web browser.
Participants can: |
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|
Access account data and
personal information |
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Change their Personal
Identification Number |
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View and change their
elective deferral rate |
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View and change investment
allocations |
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Initiate transfers between
investments |
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Initiate loan requests and
view existing loan
balances |
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Initiate distribution
requests |
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Get updated account value
information daily |
This means participants can:
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Move fund balances at will |
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Have increased access to
current account balances |
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Enjoy the benefits of self
directed retirement
accounts |
Plan Sponsor Web Module
In addition, Qualified Plan
Administrators, Inc. has added a
Plan Sponsor Web Module. This
allows the employer to transmit
census, payroll and contribution
data to us electronically. The
data comes directly from your
payroll system to our retirement
plan software system, so you can
save time, money and paper!
Employers are also able to view
and print multiple plan level and
participant level reports based on
the time frame of their choice.
Quarterly
Valuation Services
Many of the services listed under
daily valuations are available as
quarterly services. Some
employers prefer to limit their
participant's access to their
account information to a frequency
of quarterly. These
participants may be allowed to
make changes to their deferral
percentages as well as their
investment choices on a quarterly
basis. Submissions for
change must be submitted in
writing rather than on the
internet or voice response unit.
Participants would receive
quarterly statements detailing all
activity within their account.
10/17/2008 |
