TRCO 3(16) Fiduciary Services

Services Provided
- Interpret Plan Document
- Notify Plan Administrator of irregularities
- Review Fidelity Bond
- Administer loan policy
- Approve corrective refunds
- Approve hardship withdrawals
- Approve in-service withdrawals
- Approve loans
- Approve QDRO
- Approve RMD’s
- Approve separation of service distributions
- Review suspension of deferrals for hardship withdrawals
- Monitor loan defaults
- Review and upload vesting to plan provider
- Facilitate the search for missing terminated participants (as necessary)
- Coordinate mailing notices and disclosures to newly eligible employees
- Coordinate mailing Blackout notices to participants (as necessary)
- Coordinate mailing annual notices and disclosures to eligible employees
- Sign and file Form 5500
- Sign and file Form 8955-SSA
- Review Large Plan audit report
A Plan Sponsor has the ability to outsource these responsibilities to an independent third party, SAVING THEM TIME and REDUCING THEIR FIDUCIARY LIABILITY.