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Plan Sponsor/Payroll Transition Support Resource

This web page was created to provide information to Plan Sponsors and Payroll Administrators about the changes coming to the Massachusetts Deferred Compensation SMART Plan.

The SMART Plan has selected Great-West Retirement Services® as the new provider of administration and recordkeeping. The transition date of participant accounts from ING to Great-West Retirement Services is scheduled for March 7, 2008.

Information for all Plan Sponsors and Payroll Administrators
To ensure that smooth payroll processing continues each period, Great-West Retirement Services conducted training seminars across the state in December. These meetings explained the changes to payroll processing, enrollment procedures and new standard operating procedures.

If you were unable to attend a training seminar, you may review the links below to PDF's of all materials included in your Plan Sponsor Transition Guide packet which mailed in late November, 2007.

     Letter from Treasurer Cahill
     Payroll Guide Cover Letter
     Plan Sponsor Transition Guide
     Payroll Data Survey
     PSC Authorization Form
     ACH Authorization Form
     PSC Online Administration
     Online Enrollment Deferral Feed File Layout
     Sample Paper Report
     Sample PSC File

On or around March 31, 2008, this web page will bring you to the Plan Service Center (PSC), an Internet-based application for administering the SMART Plan. Through the PSC, you will have easy access to plan and participant information, payroll processing, reports and participant forms. To access the PSC at this time, simply click on the box at the top of this page.

Questions?

Your assigned Great-West Retirement Services Implementation Specialist will assist you in setting up your payroll remittance through the Plan Service Center. The specialist is also available to answer any questions you may have regarding the transition. Please refer to the Great-West Retirement Services cover letter (located in the November mailing) for your assigned Implementation Specialist's name and contact information. For the complete list of Implementation Specialist assignments click here.