Relius Can Help With Year End Data Collection (YEDC) Warren Jennings, Director, Product Management April 12, 2017

Transcription

1 Relius Can Help With Year End Data Collection (YEDC) Warren Jennings, Director, Product Management April 12, 2017

2 Year End Data Collection Process The gathering of information from Plan Sponsors for reconciling data at the end of the plan year for compliance and forms preparation. Includes validating/updating contact information, other business information and census. Also includes detailed questionnaires to obtain information for annual compliance testing, contribution allocations and completion of 5500 forms. Historically a very manual and cumbersome process facilitated through the use of spreadsheets and back-and-forth communications. 2

3 Year End Data Collection Solution A customizable website that can be used to collaborate with Plan Sponsors on the YEDC process. Plan Sponsor review and completion process allows for traceable oversight and management of the process. More efficient and manageable process using customizable, easy-to-follow wizards with built-in instructions and automatic notifications to both Sponsor and TPA at various points in the process. Results stored for easy access. If errors or omissions after completion, TPA can send back to Plan Sponsor for corrections in an automated fashion. Single login for YEDC, plan doc review and 5500 filing. 3

4 Year End Data Collection Solution Plan Review process will enable TPA to view client responses and track progress for all plans. Custom wizards can be created and stored. Steps are flexible and based on user s preference. Notification library for various types of notifications, including invitation to begin YEDC, reminders, completion of step, completion of project and unlock and return to Contact. Automated follow-up notifications can be scheduled to trigger based on YEDC status. Uses Relius DERs and DVC rules and options for importing census. 4

5 Year End Data Collection Integration Plan Sponsor Web Sponsor can launch Year End Data Collection from PS Web Utilizes Relius Administration DERs and DVC rules Relius Exchange Single website to launch Relius Government Forms, Relius Documents and Relius Administration Year End Data Collection Current and prior year Relius Administration Year End Data Collections, Relius Documents Questionnaires and File Uploads all accessible with single login Relius Administration Prefill questionnaires and census with data from Relius Administration Update Relius Administration data with questionnaire responses View Year End Data Collection steps and responses from within Plan Specifications Validate YEDC Payroll against year-to-date payroll for discrepancies 5

6 Year End Data Collection Process Flow Create custom YEDC wizards, consisting of notifications, instructions, questionnaires, data entry, and confirmation. Publish YEDC for multiple plans which triggers invitation to applicable contacts (ex. Plan Sponsor). Contact logs into PS Web or Exchange and begins completion of YEDC steps. Contact completes YEDC and TPA is notified to review. TPA can send back to Contact if any errors or omissions. TPA approves YEDC and runs update utility to update RA database. 6

7 Year End Data Collection System Demonstration 7

8 Year End Data Collection Additional Information FAQ s and recorded YEDC webinar available at Special introductory pricing - $25/plan* Licensing will be available via plan tiers * Payment is due upon licensing Contact your sales representative to take advantage of this great opportunity - select Account Management - Existing Or call and select Option 5 8

9 Thank You Warren Jennings