Year-end Processing. 1. Maintain shareholder records in accordance with IRS notices for under-reporting and invalid Tax IDs. This includes initiating 31% backup withholding and notifying shareholders of their tax status and the corrective action which is needed.
Year-end Processing. For Services that conclude as of the end of the Plan’s fiscal year, perform any compliance testing, government filings, or other reporting required as of that year-end.
Year-end Processing. For Services that conclude as of December 31 for a calendar year plan or the end of the Plan’s fiscal year, as applicable, perform any compliance testing, government filings, or other reporting required as of that year-end. For Services that conclude as of any date other than December 31, perform any government filings for completed Services (e.g., Forms 1099-R for Participant distributions) and provide to Plan Sponsor the same year-end reports and information otherwise provided for a calendar or fiscal year, as applicable, but only reflecting the portion of the calendar or fiscal year, as applicable, for which Services were provided.
Year-end Processing. 27.1. Produce Imputed Income file for the County payroll on company paid basic life insurance (to accompany per pay period calculations).
Year-end Processing. INCOME ALLOCATION
Year-end Processing. Provide information for the annual filing of Form 5500’s filings for all plans, if required. Produce Imputed Income file for the County of Orange payroll on company paid basic life insurance (to accompany per pay period calculations). Produce detailed enrollment report for benefit plans. Work with County systems analyst to reconcile the HCRA/DCRA year-to-date contribution amounts. Issue Annual 1099 forms to report imputed income (where applicable) for enrolled/retired Domestic Partners. Annual Enrollment Services Administer plan provisions in accordance with County rules Calculate employer and employee/retiree costs and coverage amounts Produce enrollment forms (no more than a 4-sided 8 ½ x 11 worksheet with cover letter) Produce confirmation statements for employee/retiree elections Process elections Set-up system for fall 2002 open enrollment Set-up system for 1/1/03 initial processing Set-up system for 1/1/03 commencement of HCRA, DCRA, OBP and Judges Medical Reimbursement plan processing Set-up system for 1/1/03 commencement of COBRA administration (includes conversion from previous carriers) Set-up system for 1/1/03 commencement of HIPPA administration Document requirement for commencement of administrative services Create all cost, eligibility and zip code tables for commencement of administrative services Full cycle system testing Setup system for applicable carrier feeds Provide all participants elections file to County AHRS and OCERS Enrollment edit/follow up processing-default elections Web site updates including, but not limited to, link changes/updates Contract Administration Meet with the County on at least a monthly basis to discuss current issues, new procedures, etc. Meetings may be face to face and via conference call as agreed upon by UNIFI and the County. Conduct yearly in person meetings with the County to review account status Provide the County with an Administrative manual consisting of policies and procedures to administer the Plan. Update the Administrative Manual within thirty (30) days of any change in policies and/or procedure. Services NOT being requested as part of this contract: Defined Benefit Extra Help Retirement Plan 401(a) Plan 457 Defined Contribution Plan Defined Contribution Extra Help Retirement Plan Retirement Pension Plan Administration EXHIBIT ATTACHMENT B COMPENSATION / PAYMENT The following is a summary of Unifi’s final fees. Unifi’s fees include the following Annual Enrollments (effective date) – 1/1/2003, 1/1/...
Year-end Processing. 1. Maintain shareholder records in accordance with IRS notices for under-reporting and invalid Tax IDs. This includes initiating 31% backup withholding and notifying shareholders of their tax status and the corrective action which is needed. 2. Conduct annual W-9 solicitation of all uncertified accounts. Update account tax status to reflect backup withholding or certified status depending upon responses. 3. Conduct periodic W-8 solicitation of all non-resident alien shareholder accounts. Update account tax status with updated shareholder information and treaty rates for NRA tax. 4. Review IRS Revenue Procedures for changes in transaction and distribution reporting and specifications for the production of forms to ensure compliance. 5. Coordinate year end activity with client. Activities include producing year end statements, scheduling record dates for year end dividends and capital gains, production of combined statements and printing of inserts to be mailed with tax forms. 6. Prepare Tax year-end confirmation letter for Trust approval regarding all distributions made throughout year. Dates and rates must be confirmed by the Trust so that they can be used for reporting to the IRS. 7. Coordinate the ordering of form stock envelopes from vendor in preparation of tax reporting. Review against IRS requirements to ensure accuracy. Upon receipt of forms and envelopes allocate space for storage. 8. Prepare form flashes for the microfiche vendor. Test and oversee the production of fiche for year end statements and tax forms. 9. Match and settle tax reporting totals to fund records and on-line data from Investar. 10. Produce forms 1099R, 1099B, 1099Div, 5498, 1042S and year end valuations. Quality assure forms before mailing to shareholders. 11. Monitor IRS deadlines and special events such as cross over dividends and prior year IRA contributions. 12. Prepare IRS magnetic tapes and appropriate forms for the filing of all reportable activity to the Internal Revenue Service.
Year-end Processing. For services that conclude as of December 31 for a calendar year plan, perform any compliance testing, government filings, or other reporting required as of that year- end.
