Recordkeeping Functions • Facilitate employee enrollment, including possible automatic enrollment for purposes of employer nonelective contributions Facilitate employee deferral elections • Process investment mix elections and reallocations • Post contributions to participants' Plan accounts • Catch-up contribution eligibility and processing • Calculation and correction of missed contributions or excess contributions / deferrals, including investment gains/losses on same • Qualification and processing of rollovers into the Plans • Collection and maintenance of beneficiary designations • In-service withdrawal qualification and processing • Unforeseeable emergency withdrawal qualification and processing • Small-dollar cash-out calculation and processing • Lump sum distribution processing • Required minimum distribution monitoring and processing • Set-up and monitoring of ad hoc and installment distributions • QDRO qualification, processing, and alternate payee account set-up • Loan qualification and processing • Life event processing, such as leave of absence, military leave, and beneficiary support in the event of participant death • Preparation of employee enrollment kits, electronic and paper • Quarterly participant statements, electronic and paper • Preparation of standard participant fee, investment, and confirmation notices • Delivery of participant notices, electronic and paper • Provide prototype, volume submitter, and/or specimen plan/trust document services • Provide customized and/or specimen Summary Plan Descriptions, Summaries of Material Modifications, and benefits/amendments overview materials • Monitor Plan contribution limits • Internal Revenue Code section 415 testing • Withhold, deposit, and report federal, state, and local taxes on distributions, including issuing reporting forms (e.g., Form 1099-R) to participants
