NEWSLETTERS

Confidence in your Service Providers

Administrative Retirement Services, Inc. (ARS) assists plan sponsors in all necessary aspects of the plan administration to keep their plan qualified, including updating their plan documents as needed, preparing thorough annual testing, providing administrative reports and Form 5500 annually. 

It is not uncommon for ARS to begin a new relationship with a client and find that the plan was not properly administered previously.  When this happens, the plan sponsor incurs the cost of fixing the plan if they want to bring the plan into compliance or risks IRS penalties if selected for audit.

Plan sponsors that don’t use ARS should make inquires of all service providers to ensure the services they are receiving are thorough.  In addition to providing compliance services are they keeping the company’s data secure?  Identify theft has increased dramatically in recent years, it was up 11% from 2008 to 2009.  Plan sponsors and investment advisors as plan fiduciaries need to know if service providers are outsourcing services and understand how data is secured.  ARS does not outsource administration services or client data.  ARS password protects all sensitive data that is e-mailed and has  shredding procedures in place to protect client data.

© Administrative Retirement Services, Inc. 2010
Published by Administrative Retirement Services, Inc., Copyright 2010 by Administrative Retirement Services, Inc. Reproduction in whole or in part is prohibited except by written permission. All rights are reserved. Information has been obtained by Administrative Retirement Services, Inc. from sources believed to be reliable. However, because of the possibility of human or mechanical error by our sources, Administrative Retirement Services, Inc. or others, Administrative Retirement Services, Inc. does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or the result obtained from the use of such information. Readers should seek specific advice before acting with regard to the subjects mentioned here.

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