Effective Monitoring of Outsourced Plan Recordkeeping and Reporting Functions

As a plan sponsor, administrator or trustee, it is important to understand the benefits of establishing an effective monitoring program to oversee service organizations that perform recordkeeping and reporting functions for your employee benefit plan.

A plan may use several service organizations such as trustees, custodians, investment managers and recordkeepers to perform various functions on behalf of the plan. Effective Monitoring of Outsourced Plan Recordkeeping and Reporting Function addresses specifically what plan sponsors, administrators and trustees need to know about:

  • Selecting and monitoring service organizations
  • The quality of plan accounting information
  • Monitoring service organization controls over plan accounting information
  • Special considerations for different plan types (defined benefit, defined contribution, and health and welfare plans)

Download this whitepaper to learn more about Monitoring your recordkeeping and reporting functions for your employee benefit plan.