Roles

NWA – Third Party Administrator

• Design, produce, amend and restate the Plan Document
• Run plan design options
• Maintain compliance with regulations
• Complete any necessary tests
• Prepare annual Form 5500s and any necessary schedules
• Prepare necessary annual Safe Harbor notice if applicable
• Prepare the Summary Annual Report
• Prepare and track participant distribution and loan paperwork

Financial Advisor

• Accept deposits and track participant account balance
• Provide participant statements
• Provide enrollment materials
• Offer range of investment options
• Process investment transfer requests
• Process investment transfer requests

Investment Provider

• Accept deposits and track participant account balance
• Provide participant statements
• Provide enrollment materials
• Offer range of investment options
• Process investment transfer requests
• Process investment transfer requests

Plan Sponsor

• Tracks employee eligibility
• Distributes required employee notices
• Monitors and selects providers
• Withholds and submits employee contributions and loan payments to Investment Provider
• Reviews and signs Plan Documents and annual Federal Filings
• Completes final approval for participant distribution and loan transactions

Auditor

• Evaluate the Plan Sponsor internal controls
• Review testing documentation
• Perform analytical procedures on participant contributions and account balances
• Provide an opinion on whether the Plan’s financial statements are presented accurately