Tuesday, September 27, 2016

Enjoy the full benefits of our services by updating your census data

Just about every aspect of administering a successful employer retirement plan depends on the quality and accuracy of your census data. After all, this information can help you take advantages of the following services:

  • Eligibility calculations
  • Vesting tracking
  • Negative consent loans and distributions
  • Straight-through processing
  • On-demand compliance testing
  • Targeted participant messaging

To help ensure your plan census data is in order, run the Census Integrity report using your employer website. This report will alert you to inconsistencies and gaps in data. It can also provide a comprehensive view of your plan by allowing you to identify individuals with ineligible contributions as well as those employees who are excluded from participation in the plan.

To run the report, simply click Processing, Plan Level Processing, and Census Integrity. Then, choose the current plan year under the Results box and click Submit. Once the current date appears in the Scan Date field, click the date to pull up the report.