Tuesday, September 27, 2016

Your employer website reporting experience just got better

We’re always looking for ways to make plan administration easier—particularly when it comes to how you use your employer website. We recently examined our reporting setup in an effort to better take your needs into account. As a result, we’ve developed a redesigned reporting console that provides the following benefits:

Easier to Use

  • Brief, easy-to-understand descriptions tell you exactly what you’re looking at in each report.
  • Tags such as Payroll & Contributions, Investments, and Loans & Distributions have been assigned to each report to make it simple for you to filter out just the reports you need.
  • To make future trips to your reporting console quicker, you can also customize your reporting preferences by marking reports that you use frequently as favorites.

More Secure

  • Your new reporting console not only adds additional reports from which to choose, but also offers a safer way for you to obtain those reports.
  • It eliminates the need to manually run and upload/deliver reports to you
  • Providing reports to you via your employer website adds an additional layer of security by ensuring direct and proper delivery.

Improved Efficiency

  • If you require a report after hours, you’ll no longer have to wait for it to be run during standard operating hours—you can simply generate the report you want exactly when you need it.
  • You can also schedule certain reports to be automatically delivered at a time that’s convenient for you.
  • Managing your reports through the console will allow you to be more efficient in that it will provide a quicker and more direct way for you to get the data you want.

Information how you want it, when you want it
When you request files or reports, you’ll be notified via email when they’re available on the Forms & Reports section of the website. All you have to do is log in to retrieve them. Even better, some reports generate instantly!

Available reports include:

  • Participant Transaction
  • Vested Percent
  • Participant Demographics & Balances
  • Participant Payroll Detail
  • Plan Administration (PPT Detail)
  • Missing Elections
  • Transaction Report
  • Loan Payment History
  • Year End Data
  • PayrollSync

Contact your Vanguard Retirement Plan Access Client Service Team to learn more about your online reporting capabilities. We’ll be happy to walk you through the process of accessing or scheduling reports.