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Showing results for tags 'Participant notices'.
Found 2 results
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We are looking for a a participant notice preparation and fulfillment solution; ACA, QDIA, Safe Harbor, Participant Fee Disclosure. Currently our document system (ASCi - DGEMS) creates safe harbor notices, we use Newkirk for our participant fee disclosure notices, we generate ACA and QDIA notices internally, and then where a sponsor wants fulfillment services we contract with a local vendor. Yikes, that's a lot of moving parts! We have looked at Broadridge and Newkirk's combined notice and fulfillment solutions, and they appear to be viable, but I am wondering what others are doing, and if there are other vendors out there with combined notice and fulfillment services available? What's your experience, and how has it worked out?
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In a multi-employer, qualified defined benefit plan, is it required that participants be notified that they have incurred a permanent break in service and have forfeited their accrued benefit? I've been told it's necessary by legal counsel because it gives the terminated participant time to dispute the loss of service and that the notice starts the "count" for the statute of limitations during which the dispute can be filed with the Plan. Without the notice being sent, then apparently the participant can dispute the issue decades later, which of course makes it harder for the Plan to defend the record. So, does anyone know if this notice is required based upon regulation or just good Plan practice for protection? If it is reg, I'd like to know where I can find the language outlining it.
