With the move away from more paternalistic retirement programs to programs where employees are active participants, industry regulators have introduced guidelines for Capital Accumulation Plans (CAP). A CAP plan is basically any employer sponsored savings or retirement plan where investment choices are provided to the plan members.  The intent of the CAP guidelines is to outline the responsibilities and rights of the plan sponsor, service providers and plan members and to ensure that those plan members have the information and assistance needed in order to make group plan investment decisions.

 

At BenefitLink, we provide CAP guidance and support. We have a dynamic CAP tracking system including 23 Deliverables, that records action on a variety of key strategies and that compliments the carrier provided deliverables. Our customized employee and management communication solutions assist clients in fulfilling the education compliance responsibilities of CAP.