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The Plan Participant Gateway allows complete access to 401(k) account management and inquiry functions. From here the participants can view account balances, account activity and any current Bulletins. Complete on-line 401(k) Account Management gives employees on-the-spot access to...
ENROLLMENT
The enrollment phase is very important for introducing the benefits and details of 401(k) plans and the tools and information to help employees make informed decisions about participating in their company’s 401(k) plan.
Online Enrollment: The online enrollment meeting is a step-by-step tutorial that offers in depth content and a variety of tools to maximize participation. Participants are able to print out all of the required forms upon completion of the online enrollment meeting.
Printed Materials: The Navigator 401(k) Solution Enrollment Kit is an easy to read education guide about how retirement plans work and the importance of participation. The Enrollment Kit includes Fund Fact Sheets on the Plan’s investment options and all of the Forms for enrolling in the Plan.
LOANS & DISTRIBUTIONS
Participants have the ability to initiate various transactions including loans and distributions. To facilitate these transaction types The Navigator 401(k) Solution system: Automatically calculates amounts available for distribution, taking into account pertinent factors such as outstanding loan amounts and vested account balances; Automatically processes residual distributions and transfers; Calculates available loan amounts; Loan fees are included in APR calculation and Loan re-amortization is made based on changes in term or pay frequency.
INVESTING
With one quick click of the mouse, Participants can view the investment summary of their 401(k) account by fund, by source or both. The web interface displays for the participant all available plan investments and includes easy access to the funds' prospectus to help them prepare to make investment choices that meet their objectives.
STATEMENTS
Participants can view their statements and trade history for any time period on demand via the Reports screen. The Reports function allows users to define activity dates they wish to view and the system automatically creates a printable statement.