Do my 401(k) forms look different – YES they do!

ABGNCS has enhanced our forms for more automation!  Let's discuss some of the benefits of now having your retirement plan forms available online.

Quickly accessible.  You have 24/7 access to forms with the plan sponsor login, under the forms tab on the main page.

Pre-populated option.  When you select an employee, it populates all of their demographic information, eliminating many of the errors that could arise.  By having the forms prefilled, you can be sure we will know exactly what participant the form is for, without having to worry about illegible handwriting. In addition, distribution forms will pull the balance information, saving the sponsors and participants time and increasing accuracy.

Simplified navigation. The new forms have more defined sections, which make them easier to navigate.  With bolded titles and clearly labeled sections, we’re confident participants will have a much easier time completing these forms more accurately.

Clear delivery selections. Participants will find delivery options for distributions are clearer and easier to select. These are very important for your participants to be aware of.  Delivery options include:

• Standard delivery – This means the distribution check will be sent through the United States Postal Service.  This could take 7-10 business days to receive. 
• Overnight delivery – Once the check is requested from the trust company it will be sent overnight to your selected destination.  There is an additional fee of $20.00 for this service.
• ACH/Direct Deposit – This will be direct deposited into the selected account.  There must be a voided check included to have direct deposit.

We are continually looking for ways to streamline our forms and improve the user’s experience. When using online forms, you will always be sure you are receiving the most current balance and fund information and accessing the most up to date improvements.

Enhanced Forms

• Enrollment / Election Forms 
• Rollover Forms
• Distribution Forms
• Hardship Forms
• Loan Application
• Fund Change Form
• Beneficiary Form

We encourage you to go out to the plan sponsor website and take a look at the updated forms.  As always, please let us know if you have any questions!

The Authors from our Retirement Team:

Abbey Hullopeter, Client Support Associate
Amber Sorenson, Account Manager
Brittany Miller, Account Manager

abgncs.com