Even though you work with a party that is third (TPA) to take care of participant transactions, youвЂ™re still ultimately in charge of the correct management of the your retirement plan. Make certain youвЂ™re maintaining up with all the recordkeeping requirements.
- Conventional Substantiation Method>
Arrange sponsors should obtain and keep distribution that is hardship. Failing woefully to have these records readily available for examination is really a certification failure which should be corrected utilising the Employee Plans Compliance Resolution System (EPCRS). Continue reading “It is Up to Plan Sponsors to Track Loans, Hardship Distributions”