Okla. Admin. Code § 590:40-3-2 - Defined contribution system coordinator
(a)
Appointment. Coordinators
shall be appointed by each Employer to serve as a liaison among the
Participant, OPERS, and the Employer.
(b)
Responsibilities.
Coordinators shall be responsible for the enrollment, assistance in completion
of forms, and instructions to the Participants on behalf of the Employer
relating to the Defined Contribution System and the Plans.
(c)
Notice to Participants; Plan
information. The coordinator shall be responsible for ensuring each
Participant is provided basic information about the Plans, including
publications and official notices from OPERS or the Recordkeeper. The
coordinator shall also direct the Participant to the website of OPERS or the
Recordkeeper for more specific information about the Plans. Each coordinator
shall establish and maintain sufficient documentation to verify compliance with
this section, and shall furnish the verification upon request by
OPERS.
(d)
Employment;
training; liability. The coordinator shall be employed by and under the
authority of each Employer and shall not be an employee of OPERS. OPERS will
make available information and training opportunities. However, it shall be the
responsibility of the coordinator to become familiar with the Plans' provisions
and keep abreast of all changes and amendments. Neither OPERS nor the Board
shall be liable for or bound by any mistakes, errors, or misrepresentations of
the coordinators.
Notes
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