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4.
Participant Online Electronic Enrollment and Contribution Changes
4.1
Employee Plan Enrollment/Contribution Changes
4.1.1 Retirement Manager will permit Eligible Employees to enroll for their
plan or update their plan elections online.
4.1.2 The Employer may define Approved Vendors in the plan. For Approved
Vendors, employees will have access to specific Approved Vendor
information, as described below.
4.1.3 When an initial remittance is directed to an Approved Vendor or a new
Approved Vendor is selected, the Approved Vendor receiving the
remittance is notified as part of a New Participant report. The Eligible
Employee will be presented with information on the Approved Vendor(s)
selected and a link to the appropriate Approved Vendor application.
4.1.4 If the enrollment is for an Approved Vendor with a local representative or
advisor, the Eligible Employee will be provided information on how to
contact the local representative.
4.1.5 All enrollments/contribution changes are confirmed via email to the
Eligible Employee when a current and valid email address is provided by
the Employer or the Employee. The email incorporates the Employer’s
benefits office email address as a reply to address and will be unique to
that Employer. Note: Notifications of deleted transactions will not be sent
but will be tracked in Retirement Manager.
4.1.6 In all places where listings of Approved Vendors are provided (which
listings may include Vendors), Approved Vendors (and Vendors, if any)
shall be listed on the Employer’s Retirement Manager site in alphabetical
order and in no event shall a Vendor’s name, contact information or
products be displayed on the site more prominently than the name, contact
information or products of another Vendor; provided, however, that if an
Employee has selected a particular Approved Vendor for investment of all
or a portion of his or her Retirement Plan accounts, the selected Approved
Vendor’s information may be displayed more prominently to such
Employee.
4.2 Employee History View
4.2.1 When an Employee accesses his or her transaction history, a view of all
processed, pending and deleted changes will also be displayed.
4.2.2 Seven (7) years of online history will be maintained. The default view will
show changes processed within the last month. By updating the date
range, additional history will be displayed.
4.2.3 Processed changes cannot be updated.
4.2.4 Changes are marked as “processed” when the cut-off date/time has arrived
and the file of changes for the current payroll is made available to
Employer for download/FTP.
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