TRANSFERRING PLAN

Your Guide to a Smooth Start

As we prepare to welcome you and your employees to your new retirement plan experience, refer to this timeline for key milestones, action steps, and links to important documents. Your installation contact will partner with you throughout your plan's onboarding and will email you any materials that are customized to your plan.

Onboarding Timeline

Notify your prior recordkeeper

As soon as you notify your prior recordkeeper of your intent to change providers, your assigned installation contact (IC) can contact them to obtain the instructions needed to complete the transfer.

  • As soon as possible, complete and email this letter to your prior recordkeeper, with your IC copied on the email Prior Recordkeeper Letter

Join a call with your plan installation contact

Your (IC) is your main point of contact and project manager during onboarding and sets up this initial call to:

  • Review any outstanding items from the plan design phase, and any changes in available investment options since you made your investment choices
  • Orient you to the next phase of onboarding and the cadence of tasks and communications you can expect

Register for your plan website

Your plan website is where you'll handle ongoing administration of your plan.

  • Following the initial call, you'll receive an email from employerweb@ascensus.com with a link to register your account. Please register your account within 48 hours of receiving the link, otherwise, the link will expire.

Confirm information from prior recordkeeper

Your IC works with your prior recordkeeper to assist in obtaining instructions for the transition and also confirms the transition timeline.

  • Your IC will explain what's needed from you during this step, including any paperwork that's required for the transfer.

Share employee census information with us

Your Fisher Retirement Counselor will provide you with a census file and instructions. This information will be shared with your IC to upload the census information to your sponsor site access.

Share plan notices with employees

We're generating everything you'll need to share required disclosures and notices with your employees.

  • Once they're ready, your Fisher Retirement Counselor will send you instructions on how to access and deliver the required notices to all active and terminated employees with a balance.

Sign plan documents

We're preparing all the transition-related plan documents and agreements you need to review and sign.

  • Your IC will let you know when they're ready to review, and you'll receive an email from Document Delivery (Sertifi), our electronic signature site, that will include a link to access the documents.
  • Your IC will also deliver additional agreements or documents required for any optional services selected for your plan.

Convert your employees to your new plan

Your employees can begin to enroll in the plan.

  • Your Fisher Retirement Counselor will provide you with the enrollment materials to provide to your employees.
  • Employees will have two weeks to enroll before the enrollment window closes in advance of your first payroll submission. This is a great time to make sure your employees assign their beneficiary(ies).

Host an education session
The most effective way to help ensure employees join the plan is to host an enrollment education session and walk them through how to enroll online. Please contact your Fisher Retirement Counselor to schedule an education session.

Join a call with your payroll consultant

During this call, your dedicated payroll consultant reviews everything you need to know to get set up for payroll and can assist you in choosing your submission method.

  • Before the call, your coordinator will send you an Automated Clearing House (ACH) agreement via DocuSign. Please fill it out and include the banking details used to debit and fund the plan.

Begin blackout period for final asset and record transfer

During the blackout phase, no changes or transactions will be accepted from your prior recordkeeper while they transfer assets and records to Ascensus. Once all assets and reports are received, we’ll reconcile and prepare them for investment.

Go Live

Your plan installation is complete and the plan is officially live! Your employees can access the employee website, READYSAVETM mobile app, and Participant Services.

  • Your IC notifies you and provides you with flyers to share with participants to announce the plan is live and remind them how to access their account online.
  • You will receive a link to a confidential survey about the installation process, including the quality of your IC, meeting deadlines and deliverables, and your overall experience. Your feedback helps us identify the strengths of the onboarding process and where we can improve—and is a valued element of our commitment of service to you and other employers.

Meet your Client Service Team

Your Client Service Team, who will support you in running your plan going forward, contacts you for introductions and a demonstration of your plan website.

Submit your first payroll

Your payroll consultant contacts you when it's time to make your first payroll submission and can walk you through it if you need any assistance.