Conversion Management

Fiduciary Peach of MindTM

A Retirement Plan Outsourcing Service

Your financial advisor suggests you move your retirement plan to a new recordkeeper. Great, but do you have time for the extra work to manage and communicate the changes? What if something goes wrong? We create Fiduciary Peace of Mind by overseeing much of the conversion process.

What We Do For You

1

We will issue the blackout notice to participants.

1

If the new recordkeeper or TPA rewrites the plan document, we will issue the new SPD to plan participants.

1

When the blackout is over, we will issue the notification to participants.

1

We’ll create the initial census file that the new recordkeeper will need to establish participant accounts prior to the blackout period.

1

We’ll handle transmitting any census and contribution files for payrolls that happen during the blackout.

Your Responsibilities
1

Work with your current recordkeeper to terminate your existing contract.

1

Sign the paperwork with the new recordkeeper.

1

Keep in touch with the new recordkeeper during the conversion process so that you are aware of important dates.

1

Work with your financial advisor to determine how the change will be communicated to your employees.

To Perform this Service, We Need Access to:

1

The old recordkeeper’s employer website

2

The new recordkeeper’s employer website

3

Your payroll system

Talk to us about your plan

As an ERISA 3(16) Plan Administrator, Fiduciary Outsourcing is here to reduce the administrative effort, resource burden and risk of liability of your retirement plan. We implement customized outsourcing options to fit your needs so that you can rest easy knowing your plan is compliant with rules and regulations.

Contact Us To Learn More