Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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CMS Reminder Regarding Plan Sponsor's Responsibilities for Phase-down of ERRP
Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS] [Official Guidance] Oct. 3, 2013
"CMS is phasing down the ERRP Secure Website (SWS) so that it can be taken offline during the first week of January 2014.... We encourage Plan Sponsors to review information available in the SWS to determine what, if any, information or data should be printed and/or saved before the system is taken offline.... [P]rogram recordkeeping requirements do not end on January 1, 2014. Plan Sponsors are required ... to maintain and furnish to the HHS Secretary upon request, certain records enumerated in those regulations. As an example, ERRP Plan Sponsor audits are ongoing and audited Plan Sponsors will be required to supply documentation to the auditors to demonstrate compliance with the rules of program participation."
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