• Shannon

The Census is Coming!

Consider this our midnight ride to prepare you for the inevitable – the census is coming!

As we look forward to 2018, we and all other compliance consulting firms servicing qualified required plans are beginning our year-end data collection process. Service providers like TriStar require a yearly refresh of our clients’ census data. This data is necessary to properly complete each plan’s contribution allocations, required non-discrimination and coverage testing, prepare the asset reconciliations and financial statements and file the required Form 5500 for the plans we service.

To our clients and advisors – look for an email from us this week with a complete list of information needed and instructions regarding our 2017 census project.

To all plan sponsors and financial advisors servicing retirement plans, when your census requests arrive – don’t ignore them! The data requested is vital to the proper administration of your plan and the ability of your compliance consulting firm to perform the necessary services you have engaged them to complete.

If you have any questions, please don’t hesitate to contact our team!

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