According to an announcement, DST Retirement Solutions annual compliance testing for its clients’ plan sponsors includes collection and validation of census and other plan data, testing, reporting of results back to plan sponsors, and assisting plan sponsors to take appropriate corrective action as necessary. The company introduced online census data collection and validation two years ago.
Electronic delivery of compliance and regulatory information, such as adoption agreements and safe harbor notices, has been available since early 2008, the announcement said.
“These enhancements represent an efficient approach for helping plan sponsors to comply with regulatory requirements and providing improved and faster service, as well as an environmentally friendly alternative to delivering hard copies,” DST Retirement said in the announcement.
More information is available at www.dstsystems.com.