Within the system's Client and Plan Management functions, Provider's
authorized personnel can:
-- View a list of all plans in the system.
-- Review and update plan information, including the settings, activity, fees, pending transactions, corrections and adjustments thereof.
-- Jump to plan administration for a selected client's plan, with automatic entry through the Plan
Sponsor Gateway if
security privileges so authorize.
-- View and update client information.
-- Review plans submitted through the Plan Setup Wizard, review items with the client as needed, then approve or decline the plan for acceptance into the system.
-- Generate plan documents by having the Enginuity export relevant client and plan data, as captured by the Plan Setup Wizard. (Export file layout
keyed to Provider's prototype plan document system.) Documents are transmitted to the client for approval, then the
Provider's representative can open the plan-specific Plan Sponsor and Plan Participation
Gateways.
-- View and apply detailed histories of plan activity, including contributions, liquidations, transfers, and distributions. Plan activity is listed as current or archived, depending on appropriate factors and choices made during processing.
-- Establish, review, and update fee activity for client's plan(s). Fees can be processed through a predefined payment algorithm (algorithm used to determine which investments are liquidated to satisfy payment of fee), as defined by Provider, and fee information can be exported to Provider's Fee Processing Center, if any.
-- View and act upon pending transactions for the specified Plan, as listed in the Pending Transactions panel.
Provider representatives can review transaction details (participant name, plan name, transaction type/description, etc.), see why a transaction is pending and, if desired, release the pending transaction for processing or cancel it. ( A transaction might be pending, for example, because receipt of money by the trust system cannot be verified though the
asset custodian interface.)
-- View and organize activity via the Plan Audit Log. Information can be sorted by date, range, user, participant name, transaction type, investment name or type, and/or source.
-- Make corrective entries via the Corrections/Adjustments panels. The system calculates adjustment amounts for you based on the corrections, and the Service Representative can then choose to post or override the adjustments.
-- Access and use any plan administration functions available through the client's Sponsor
Gateway.
