AMI’s fiduciary plan administration services help support the day-to-day operation of your retirement plan while promoting accuracy, compliance, and responsiveness.

• Review and certify distributions, including terminations, in-service distributions, and hardship withdrawals
• Obtain required documentation and prepare participant-ready paperwork, including applicable IRS tax notices
• Review and process participant loan requests based on plan and regulatory requirements
• Prepare loan paperwork for signature and delivery by mail or email
• Prepare and Issue participant required notices (Safe Harbor, Automatic Enrollment, etc.)
• Gather and track census data to track eligibility for both regular employees and LTPTs
• Review and qualify Domestic Relations Orders working with the participant/alternate payee and legal counsel
• Monitor contribution timing and notify employers of potential late deposits
• Provide U.S. based live-answer customer service to help participants understand service options and submit requests through the website or on paper

In general, AMI’s fiduciary services are designed to share responsibility with the employer for helping keep the plan compliant in its day-to-day administration.