Recordkeeping Requirements

 

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For each participant, you should be able to provide the following information to your administrator:

• date of birth
• date of hire
• hours of service for each year of employment based on plan year
• any break in service, termination of employment, suspension, layoff and rehire, change of position or status, and re-employment dates, if any
• employee contributions on a pre-tax and after-tax basis for each year of participation
• allocation of assets to the proper investment vehicle
• salary of each year of employment based on plan year
• Social Security wage base for each plan year
• employer matching contribution, if any
• marital status of employee
• completed beneficiary designation
• employee category or location, if it affects determination of a benefit