Atul Sanklecha

Roles and Responsibilities:

• Enrolling the new participant into the plan
• Updating or making changes in the basic info section.
• Updating the Participant Status.
• Updating the Deferral changes, Portfolio investments and Agent Authorization.
• Updating the Company address.
• Processing the Transfer request.
• Providing the Fee Disclosure, Scheduler and Plan documents to TPA or Agent.
• Adding and removing the TPA, Secondary Contact, Trustee and providing them the access to login the plan to download the necessary documents as and when needed.
• Processing the Cash and Rollover distributions.
• Processing the Checkreq for the Distributions processed.
• Generating the Cumulative Error report and Unallocated Cash Report.
• Tools using while processing are OMNI, AWD and DVW.

Roles and Responsibilities:

• Enrollment for New entrants & Beneficiary
• Handled the Question / Problem Useform.
• Worked on Contribution / Distribution cases where IRA holder can invest / withdrawn their amount into the IRA plans as per the rules governing by IRS (Internal Revenue Services).
• Worked on 401K Distributions in which payout given to participant / member once Benefit event reported
• Allocating & transferring money to participant account through different payment mode.
• Identifying & Accurately calculating the different contribution types & allocation made accordingly under specified contribution (Pre-tax and Roth funds) provided by participants.
• Calculation of Roth funds & Non-Roth funds in case of Roth-In-Loan procedures.
• Split Processing where the Taxes is less than the Standard Federal taxes like 0%, 10% etc.
• Working on the Home Office contracts.
• Member of ER Security Resolve Exception Team.
• Completed Members Hour Project.
• Designated Mentor & Checker for Onshore & LTI Associates.
• Sending Hourly Queue Reports within Team & assigning backdated transactions when required (especially when volume is quite high).