Recordkeeping Requirements

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

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Small Business Guide

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