Providing accurate, detailed information is crucial for preparing required annual compliance testing and allocations to participants. Blue Ridge has enhanced the client experience for our annual request for information to aid our clients in this annual requirement and have streamlined our year-end data request for a more user friendly experience. In addition, we’ve programmed our system to allow you to view the prior year responses to our questions for an easy comparison of information. For those questions that have not had any changes you will easily be able to convert information from the prior year into the current year fields. We hope this simplifies providing information each year.
In addition, we have updated our census request template. The census request template is located within the year-end data request on the “Census and Trust Activity” page. We’ve improved our column descriptions and offered an opportunity for you to provide family relationship and shareholder details. Please add additional information as may be necessary per your plan’s provisions. Remember to always use a secure method when sending any sensitive data such as social security numbers, dates of birth, etc. We suggest using ShareFile or upload a file under the Documents and Reports tab on your ESOPConnection site to securely send this information.
Blue Ridge will be offering a client webinar on January 9. The webinar will include a walk through of each section in the year end data request and will provide an opportunity for further discussion of any questions you may have.
You will receive a notification email shortly after your plan year end has passed. The email will include information on how to access your ESOPConnection site to complete the year-end data request and census request template. Your plan administrator will follow-up with you to establish a timeline for completion of your final compliance reports and participant statements. Please contact your plan administrator if you have any questions.