CSD-RT RFP Recordkeeping_Administration Services Response 3-

name, Social Security Number or employee ID, compensation, employee

elective contributions in prior years, and years of service.

9.4.3

Data required to be provided by Employer through Retirement Manager

for Code Section 457(b) special catch-up limit monitoring will include,

but not be limited to, employee name, Social Security Number or

employee ID, catch-up reserve available, date of hire, date of birth, and

Normal Retirement Age as defined in the plan.

9.4.4

In order to monitor Code Section 414(v) age-based catch-up limits, the

employee’s date of birth is required.

9.4.5

Limits will be monitored in the initial and subsequent years based on data

in Retirement Manager that has been provided by Employer. Complete

and accurate data from Employer for any of the contribution limit

components is required.

9.4.6

Data must be submitted in an online interface or in a file upload in an

approved file format. Alternatively, the Employer may input data for

individual employees.

9.4.7

The Employer will be required to input before November 15

of each year

the payroll dates for the upcoming calendar year.

9.5

Employer Requirements

9.5.1

Employer acknowledges and directs VRSCO to default to the basic limits

and assumptions as described in this section, unless the Employer provides

VRSCO data through Retirement Manager as described in this section

9.5.2

After the final compliance payroll data file is received for a calendar year,

the Employer will provide the data to be used to calculate the IRC

Contribution Limits. When such data has been provided by the Employer,

the inception-to-date contribution data will be updated and subsequent

IRC Contribution Limit calculations will be based on that data.

9.5.3

Employer acknowledges that RMLM monitors only Internal Revenue

Code limits and not lesser limits that may be imposed under the

Employer’s Retirement Plans.

9.5.4

Employer acknowledges that the accuracy of RMLM is based on the

Employer and/or Participating Employee’s providing VRSCO complete

and accurate data and that the accuracy of future year calculations depends

on all corrections being made through Retirement Manager. VRSCO is

entitled to rely on and will be fully protected in acting on data and

direction provided by the Employer, the Plan Administrator, or another

authorized Plan representative or the Participating Employee and will have

no duty to inquire with respect to such data or direction.

9.6

Prior Payroll Adjustments.

9.6.1

Adjustments to payrolls previously submitted may be included in

subsequent remittance files, separate files or through an online interface

for purposes of limit monitoring.

9.7

Employer Reports

9.7.1

All reports in Retirement Manager are available for download in Excel