I’m no longer managing dates, having printing/mailing parties with my staff or being late with my notices. And the best part is that The Standard is accountable for the services.
Shift Administrative Services to Us
Reduce Your Workload — and Your Risk
Retirement plan administration is complex. And mistakes can be costly to your organization. Let our experienced professionals take the burden off of you and your HR staff by delivering administrative resources and fiduciary solutions.
We validate information on each employee with every payroll. So you can be assured that notifications, communications and approvals are based on the latest available and accurate data.
HR manager and client of The Standard
Fiduciary Protection: We’ve Got It Covered
As a Delegated ERISA 3(16) Administrative Fiduciary, The Standard accepts responsibility for completing certain administrative tasks accurately and on time. And we back our services in writing with an industry-leading “hold harmless” indemnification clause.
We make sure required notices are sent directly to participants. These include summary plan descriptions, quarterly participant statements and required blackout notices.
We track employee eligibility based on your plan’s provisions and notify employees so they can begin participating as soon as possible.
We handle compliance testing according to your plan provisions. We select the test that fits your plan, and we keep you informed about the results and actions needed.
We can manage the distribution process from the start of a request to payment. We’ll also review hardship requests and QDROs directly with employees.
Reduce Your Workload, Costs and Risk
Talk to your advisor or relationship manager about how our administrative services can help.