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Plan Sponsor VOICE From the President Taking the lead through education D Duane Meek, President Nationwide Retirement Solutions during the past three years, Nationwide Retirement Solutions has surveyed
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What is plan sponsor voice?
Plan sponsor voice is a report filed by the plan sponsor (employer or organization offering a retirement plan) to provide information about the plan and its participants, including financial statements, investments, and fees.
Who is required to file plan sponsor voice?
Any plan sponsor (employer or organization offering a retirement plan) is required to file plan sponsor voice.
How to fill out plan sponsor voice?
Plan sponsor voice can be filled out electronically using the designated form provided by the regulatory authority. The form requires information about the plan, its participants, financial statements, investments, and fees.
What is the purpose of plan sponsor voice?
The purpose of plan sponsor voice is to ensure transparency and accountability in retirement plans. It allows regulatory authorities to monitor the financial health of the plan and protect the interests of the plan participants.
What information must be reported on plan sponsor voice?
Plan sponsor voice requires reporting of information such as the plan's financial statements, investments, transactions, fees, participant demographics, and other relevant details.
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