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2020-04-27
Plan Company Notice Feature
The Plan Company Notice feature streamlines the way you manage notifications within your organization. With this tool, you can efficiently create, schedule, and send notices to employees, ensuring that everyone stays informed. This feature is designed to enhance communication and productivity in your workplace.
Key Features
Create notices easily with a user-friendly interface
Schedule notices for future delivery
Send notices via multiple channels, including email and in-app notifications
Track delivery and read receipts for each notice
Manage templates for recurrent announcements
Potential Use Cases and Benefits
Distributing company-wide announcements quickly
Sending updates on policy changes or benefits
Informing staff about upcoming events or training sessions
Notifying employees about important deadlines
Reinforcing safety protocols and reminders
With the Plan Company Notice feature, you can solve the common problem of miscommunication in the workplace. By ensuring that your messages reach all employees at the right time, you foster a culture of transparency. This tool not only improves information flow but also enhances employee engagement by keeping everyone on the same page.
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What is a QIA notice?
A description of the circumstances under which a participant's account may be invested in a qualified default investment alternative (QIA). That is, the notice must tell employees that, if they do not file affirmative investment elections, the accounts will be invested by the fiduciaries on their behalf.
What does QIA stand for?
A QIA stands for qualified default investment alternative. Before we delve into the specifics of what a QIA is, it is important to understand why the U.S. Department of Labor (DOL) promulgated the QIA regulations.
What does QIA mean?
A resource for plan sponsors. A qualified default investment alternative, or QIA, is intended to encourage investment of employee assets in appropriate vehicles for long-term retirement savings.
Can a stable value fund be a QIA?
Defaults in a qualifying stable value investment on the date the regulation was issued, plus any additional amounts deposited on or before December 23, 2007, will be grandfathered as a QIA. However, not every stable value investment is eligible for the enhanced fiduciary protection afforded to Dias.
Who is required to receive a QIA notice?
The annual notice must be given at least 30 days before each following plan year. The annual notice must be given to all active participants, former employees with account balances, and beneficiaries, who were defaulted into the QIA and who have not subsequently directed the investment of their account.
What is a default investment option?
Your Right to Direct Investments You have the right to direct investments for contributions to the Faculty and Staff Retirement Plan. ... It is intended that the default investment fund be a “qualified default investment alternative” (QIA) as defined under the Employee Retirement Income Security Act of 1974 (ERICA).
What is a NACA notice?
A NACA permits the employer to automatically enroll eligible employees in a participant directed plan and begin deducting elective deferrals from the employees' pay if the employees are provided with proper notice and make no affirmative election to participate or not participate in the plan.
What is a QIA 401k?
A QIA is a type of investment account that meets the criteria of ERICA sec 404(c) which provides plan sponsors with a safe harbor from fiduciary liability for investment decisions made by participants in their 401k accounts.
What is a QIA?
A qualified default investment alternative, or QIA, is intended to encourage investment of employee assets in appropriate vehicles for long-term retirement savings.
Who gets a QIA notice?
The annual notice must be given at least 30 days before each following plan year. The annual notice must be given to all active participants, former employees with account balances, and beneficiaries, who were defaulted into the QIA and who have not subsequently directed the investment of their account.
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