Common Remitting Service Common Remittance Services
GLP Strategic Administrative Group Common Remitter Services
On July 26, 2007, the IRS published final 403(b) regulations, which apply to retirement savings arrangements sponsored by public schools and 501(c)(3) tax exempt organizations. To assist our employer clients in their new role as overseer of the 403(b) plans they sponsor, GLP & Associates designed a stand-alone administrative system, through our subsidiary, GLP Strategic Administrative Group, LLC, that includes separate common remitting services.
GLP Strategic Administrative Group’s administrative services have been specifically designed to assist you in 403(b) common remitter services and will interface electronically with sponsors and participants to provide a one-stop source for remitting funds to any approved plan vendor. Our Common Remitter provide the following services: Common Remitter: Coordination of an unlimited number of approved investment providers Plan disbursement support. Consolidation of contribution data and fund remittances. Simple file requirements for both you the employer and for your investment providers 24-hour turnaround if files and wire are received in good order by 2:00 pm Eastern Standard Time Dedicated contact for support and issue resolution.
For more information contact Laura Smerkonich
Phone: 248-489-0101 ext: 1715
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