Download Next Steps: ImplementingYOUR Plan

Next Steps:
Implementing
YOUR
Plan
Guardian Retirement SolutionsTM understands the requirements for a smooth
transition of your qualified plan to us as your service provider. Below is a guideline
of action steps that usually occur during each phase of the implementation process.
Plan
Sponsor
1.Plan sponsor selects Guardian Retirement
SolutionsTM as a service provider
PHASE
1
Acceptance
PHASE
Review
2
3. Relationship established with TPA





4.Information sharing between plan sponsor and TPA
–Plan documents given to TPA
–Valuations and Form 5500 given to TPA



2.New case submission paperwork is completed
–Investment options chosen
–QDIA option elected
1. Paperwork is reviewed
–Case submission documents are in “good order”
–Evaluation of plan documents, including plan features
Establishment
PHASE
4
Implementation




GIAC

Plan
Sponsor
Financial
Professional
TPA
GIAC







Financial
Professional
TPA
GIAC
























6.Transfer of assets package given to plan sponsor
–Liquidation letter to prior vendor
–Blackout notice to participants












7.Introductory call with payroll provider (if applicable)




8.Participant enrollment/education meeting held




9.Completed forms returned to
Guardian Retirement SolutionsTM




Plan
Sponsor
Financial
Professional
TPA
GIAC
2.Implementation specialist assigned to the plan
–Introductory call is made to plan sponsor to discuss:
3
TPA
Plan
Sponsor
1. Plan set up on Guardian
Retirement SolutionsTM system
PHASE
Financial
Professional
3.Enrollment method: census, forms, or online
4.Contributions
5.Web access
1. Transfer of assets is complete
–Conversion receives final sign-off

2. Participant accounts are allocated and confirmed
3. Plan is ready to receive new contributions
27


