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EXHIBIT A
RETIREMENT MANAGER
Scope of Work
Retirement Manager is an innovative service designed to simplify the Employer’s
administration of multi-vendor retirement plans. With Retirement Manager, VRSCO has
established a centralized database and associated methodology through which Retirement
Plan remittances and plan compliance data may be remitted. This Internet-based service is
available on a 24/7 basis (subject to periodic maintenance) and provides benefits to all
retirement plan stakeholders:
The Employer strengthens the branding and marketing of its retirement plans and increases
its operating efficiency. Retirement Manager functionality is modular in design, allowing the
Employer to implement features based on its needs.
Employees benefit from a single point of access to comprehensive retirement plan
information, financial planning tools and inquiry and transaction functionality across
Retirement Plan Approved Vendors.
Approved Vendors receive increased visibility by providing Employees a direct link to
contact information and integrated
access to their existing web site. In addition, they benefit
from new reports and balanced, electronically submitted remittances if applicable.
This exhibit outlines the modular functionality available within Retirement Manager to
facilitate remittance and compliance services. The functionality marked below is included in
this Agreement.
1.
Retirement Manager Employer Interface
2.
Retirement Manager Participant Interface
3.
Intentionally left blank
4.
Participant Online Electronic Enrollment and Contribution
Changes
5.
Employer Reports
6.
Intentionally left blank
7.
Common Remitter Service
8.
Vendor Access and Communication
9.
Retirement Manager Limits Monitoring
10.
Retirement Manager Limits Enforcement
11.
Loan and Hardship Withdrawal Compliance
12.
Distribution Eligibility Certificate
13.
Hardship Withdrawal Contribution Suspension
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