Connect2Comply®
Keeping a retirement savings plan in compliance with Internal Revenue Service (IRS) and Department of
Labor (DOL) regulations requires continuous data aggregation and compliance monitoring. However, these
efforts must be undertaken with a thorough understanding of the changing regulatory environment and
an advanced level of computing expertise—in other words, PlanConnect®'s Connect2Comply®.
Real-Time Supervision, Real-Time Compliance
Connect2Comply® will monitor your retirement savings plan 24/7, giving you peace of mind, knowing that your plan is in compliance with current regulations. Connect2Comply® services are…
- Fast and efficient - Our robust systems and procedures ensure employees a quick turnaround time for transaction verifications and inquiries.
- Proactive - You will automatically receive reports about your plan to keep you informed on issues and trends.
- Collaborative - Our collaborative approach, which includes a plan relationship manager, ensures that you receive the one-on-one support you deserve.
And with Connect2Comply®, you'll also have support if your plan is audited by the IRS.
Online Services, Customizable and Available 24/7
Connect2Comply® offers plan sponsors the efficiency and simplicity of numerous online tools supporting:
- A customizable and nearly paperless compliance monitoring process
- A customizable web interface that lets your employees
- Track their accounts
- Obtain approvals for exchanges, transfers, rollovers, loans, and withdrawals
| Connect2Maintain® Services include Review and Validation of: | |||
| Annual contribution limits, including catch-up provisions | |||
| Loans and withdrawal amounts | |||
| Contract exchanges, plan-to-plan transfers, and rollovers | |||
| Qualified Domestic Relations Orders (QDROs) | |||
| Required Minimum Distributions | |||
| On-demand ad hoc reports and (if necessary) ERISA plan reporting | |||
| Hardship withdrawals and unforeseen financial emergency withdrawals | |||
| Contribution restrictions due to hardship withdrawals | |||
