Networking for Retirement Plan Reporting

Retirement Plan Reporting delivers a centralized and standardized solution for transmitting retirement plan level information among mutual fund industry participants.

• vns6060威尼斯城官网

  The evolution of the retirement market into a distinct and specialized industry has caused a shift in regulatory reporting requirements for the advisor community. 结果是, the advisor community serving retirement plans may have supervisory, 监督, fee disclosure and other requirements to fulfill.

  The market’s surge in group retirement plans combined with these growing regulatory demands has heightened the need for greater transparency delivered in a standardized and automated fashion among various industry participants. This had been accomplished through inefficient custom file extracts and spreadsheets delivered through email, 传真, point to point connections and other risk-prone methods. 存’S 互惠基金服务 is uniquely positioned to resolve this challenge as a trusted, low-cost and centralized solution for the mutual fund industry.

  退休计划报告(RPR), through 存’s National Securities 清算 Corporation (NSCC) subsidiary, 带来效率, 自动化, and security to this data exchange for the retirement industry. It also benefits constituents such as plan sponsors, 记录保持者, 经纪商/交易商 plan advisors and clearing agents. It provides a set of standard formats to accommodate the information flow among business partners, providing more transparency for 5500 Schedule C, 408(b)(2), 404(a)(5)合规要求, general supervision and sales reporting needs.

  Retirement Plan Reporting allows information such as Plan identifiers, 受托人, 经纪商/交易商, 计划资产, activity and product type to be exchanged between parties for 401(k), 403(b), 钱购买, 递延补偿, Defined Benefit and many other types of retirement plans.

• 谁可以使用该服务

  Any interested financial organization that meets the qualifications of 存’s National Securities 清算 Corporation (NSCC) subsidiary can use this service.

• 好处

  The retirement industry is complex and multi-faceted with a great need for transparency to meet regulatory and other demands. 退休计划申报可以:

  • Save time and resources by reducing the need for telephone calls, 传真 and email communications to obtain plan specific information
  • Provide centralized and standardized files that eliminate the need for time-consuming multiple point-to-point connections between parties
  • Leverage 存’s trusted infrastructure, with its existing connections to industry constituents, 启用低成本解决方案
  • Establish a more conclusive method of communicating information to provide optimal transparency for 5500 Schedule C, 408(b)(2) and 404(a)(5)合规要求

• 服务如何运作

  • Record Keepers (or their retirement platforms) that are NSCC members may transmit the RPR files directly to NSCC
  • Record Keepers (or their retirement platforms) that are not NSCC members may still benefit from RPR through links to 清算 Firms that are NSCC members
  • NSCC reviews RPR files to verify that all populated data meets record layout requirements. If there are errors or unmet requirements in the data, the files will be sent back to the submitter for correction. Files that meet the requirements will be accepted into the RPR system. These files will then be sent to the contraparty/contraparties

  

• 了解更多信息

  Please contact 客户端支持 at 1-212-855-8877 or by email at (电子邮件保护).

  
  
  

  Retirement Plan Reporting is a feature of Networking, a service offering of National Securities 清算 Corporation (NSCC), 存全资子公司. The Service is governed by applicable Rules, 程序, 及服务指引, 哪些包含完整的条款, 条件, and limitations applicable to this Service. The Service description herein is for informational purposes only, and NSCC reserves the right to make modifications.