In today’s retirement plan environment, the recordkeeping function is especially critical. In fact, recordkeeping is the backbone of the participant-directed system that prevails today.
KTRADE’s record-keeping role includes:
- Expertly managing all aspects of contributions, distributions, and other financial activity within the plan
- Executing daily trade instructions
- Maintaining the participant and plan-sponsor Web sites
- Providing quarterly benefit statements
- Availability of on-demand statements and other reports for both the employer and participants
- Providing enrollment materials
- Interfacing with the TPA to provide needed data for compliance testing, reporting and other important administrative functions