Featured Jobs


Retirement Plan Administrator (Birmingham AL / Telecommute)

Retirement Plan Sales Territory Manager (Irving TX)

NQ Client Services Manager (Private Label) (Lake Mary FL / Dallas TX)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

By Date   |   By Company Name


View More Press Releases by Newkirk

Press release:

Newkirk Launches Automatic Enrollment Targeted Communication

Issued by: Newkirk

Date: Feb. 8, 2008

PERSONALIZED NOTICE SATISFIES QACA AND QDIA REQUIREMENTS

Newkirk today unveiled its Automatic Enrollment “SmartSingle,” a personalized communication designed to satisfy DOL and IRS notice requirements for QACA/EACA and QDIA. The full-color, four-page communication can be mailed directly to participants or bulk-shipped to plan sponsors for redistribution to newly eligible, automatically enrolled participants.

“We’ve attempted to incorporate all of the various legal and regulatory requirements concerning QACA and QDIA in a single communication,” noted Pete Newkirk, President of Newkirk. “But this communication is much more than just a notice. It provides participant-specific illustrations of the impact of the deferrals and other information about the plan’s operation. And it presents the sponsor and the provider in a most attractive light.”

The Newkirk automatic enrollment targeted communication includes the following:
•     Explanation of how automatic enrollment and automatic deferral increase provisions work.
•     Explanation of the employer match.
•     Participant-specific illustration of how deferrals and employer match contribute to a participant’s retirement nest egg.
•     Opt-out instructions for participants wishing to terminate their enrollment in the plan.
•     Opt-out instructions for participants who do not wish to participate in the plan’s automatic deferral increase.
•     Instructions on how to change the default investment.
•     The QDIA notice, including a specific reference to the appropriate default investment where a plan’s default is an age-based or target maturity fund.
•     Incorporation of sponsor and provider logos.
•     Insertion of the communication into a sealed envelope to protect privacy.

Interested providers can sign up for an online demonstration of the targeted automatic enrollment SmartSingle by going to: http://www.newkirk.com/OnlineEvt/index.cfm?click=seminars&stype=demos.

For more information on Newkirk’s defined contribution services and products, contact Karen Leary at 518-862-3325 or visit www.newkirk.com.

About Newkirk
Newkirk and its subsidiary companies are leading-edge defined-contribution plan communication providers. For over 30 years, Newkirk has developed creative solutions to communication issues faced by financial institutions and professional firms focusing on 401(k), 457, 403(b), money purchase, and profit sharing plans. For more information, visit www.newkirk.com or call 800-525-4237.


View More Press Releases by Newkirk


This is a press release issued by the company named above. BenefitsLink is not the author. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2019 BenefitsLink.com, Inc.