Effortlessly ensure compliance and increase participant engagement with AI-powered video notices
By exceeding Department of Labor guidelines, Plan Notice helps you avoid penalties and be prepared in case of an audit.
Plan Notice uses multiple data sources and a progressive workflow to find current contact information.
All data is encrypted and secured ensuring SOC compliance standards.
Plan Notice insures against audit costs relating to missing participant notifications.
Released in 2021, The Department of Labor's "Best Practices" guidelines will be used to evaluate if Plan Providers are acting reasonable when distributing communications to participants. These recommendations are labor intensive and burdensome, but Plan Notice makes compliance easy.
Plan Notice's software platform ensures each communication step exceeds the Department of Labor's guidelines.
Plan Notice's compliance reports are not only comprehensive but insure against any fines related to participant communication.
By outsourcing your plan communication and participant notice responsibilities, Plan Notice ensures all individuals with assets in the Retirement Plan are aware of any updates or changes related to the plan.
Our system either confirms the participant’s receipt of information or escalates efforts to find updated contact information on the participant or the participants beneficiary to meet and exceed all reasonable efforts of communication.
Each participant is provided a landing page to confirm or update their contact details.
Plan Notice automates and tracks your email, mail and call communications with participants.
Multiple sources of data are used to find even the most difficult participants or beneficiaries.
By logging all steps of the process, Plan Notice ensures your plan exceeds DOL and IRS guidelines.
Missing participants cause increased plan costs, audit exposure, and fiduciary risk. Because people are moving more often and changing jobs frequently, missing participants are becoming more problematic for plans. The DOL and IRS have recently mandated stricter guidelines when handling missing participants.
Focused on Service. Established in 2019, Plan Notice helps 401k retirement plans manage communications, find missing participants and remain compliant. Our team has been in the retirement plan industry for over 15 years and is continually improving our technology and services to better serve our customers.
