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Poblano (100)
Jalapeno (200)
Cayenne (300)
Habanero (400)
100

What complexity level # do DB Plans “currently” start off with

What is 3

100

Name 5 types of TA cases (asset types) that have a “special” team within our trust that reconciles the cases.

  • VALIC Plans
  • Quarterly Plans
  • State Farm Plans
  • CoMingled Plans
  • Meps & Peps
100

DB Plans that have “client paid (deposits)” for Fee Reimbursements.  How and how should these transactions be handled on the PerAcct tab and the Financial Report.  There are 3 steps we are looking for.

  • PerAcct – change heading for “Other Deposits” to Fee Reimbursements and enter deposits in that column
  • Financial Report – change heading for “Other Deposits” to Fee Reimbursements (in the Yellow Section)
  • Financial Report – Insert a Row in the income section and label Fee Reimbursements and then link to correct column in Yellow Section
100

If assigned a Trust Accounting case for reconciliation for a small vendor plan what are the two process steps this year to have the cases assigned properly?

  • NIGO the case and transfer to the consultant
  • Add a pulse note to say:  Trust Accounting case was created in error due to incorrect vendor data in Axis.  Please update the vendor information, close the Trust accounting case and open a Financial Data case instead.  The compliance team handles asset reconciliations for small recordkeeper plans, which are supported through a Financial Data Case (from the January 9th FYI Friday).
200

Plans that are “At Risk” require a beginning complexity score of 5.  Where in Axis are the two places you can look to see if a plan is AT RISK

  • Plan Overview Screen
  • In the search screen when the plan comes up (in purple)
200

What is the “NEW” naming convention that compliance should be using currently for the final contribution calculation report.

  • 12345_Admin_Contribution Report_12.31.2025 (Plan year end)
200

When was the latest change to the statement collection process and why: 

  • Monday March 2nd
  • Why – clients will now be required to upload their statements through the portal so infrrd can work its magic.
200

If the prior year’s trust has ending values for Other Receivables and/or Liabilities that DO NOT clear in the current year accounting, what are THREE things that MUST be done in the current year accounting?

  • Show on Financial Report Ending Value for current year
  • Copy Blue note from prior year accounting to current year accounting
  • Make a Yellow Processing note to let the CA/consultant know the item still needs to be addressed with the client.
300

When assigned a trust case where prework was completed and during prework the 5500 was saved by the trust analysts.  What do you do?

SAVE ANOTHER ONE

300

Interim and Final TA’s (for terminated plans) have a different naming convention.  List the naming convention for each.

  • 12345_Trust_Reconciliation_Interim_08.30.2025
  • 12345_Trust_Reconciliation_Final_12.31.2025
300

Terminated Plans with Unfunded Prior Year Contributions.  How are these reported on the Financial Report and What is required in order to write these amounts off?

  • Insert Row(s) for each ER or EE Source in the income section (or use an empty row) – label UnFunded ER or EE contributions and link amount to Plan Totals
  • What is a “Hold Harmless” letter
300

Pooled and SDBA plans.  When the contribution report shows forfeitures used. What are the four manual adjustments that must be made.  What tabs and how many adjustments on each tab?

  • Contribution Recon tab – two manual adjustments
  • Plan Totals – two manual adjustments    (note: the FR are not manual adjustments but should be checked to be sure the auto adjustments are correct)
400

When you see CBCOE in Axis – what do these letters stand for?

What is “Cash Balance Center of Excellence”

400

When assigned this type of trust case to work, it is ok to overwrite formulas on the financial report.  Name the type of case

Client (CPA) Provided TA cases

400

MPPP (Money Purchase Pension Plans) – What template should be used to reconcile this plan type and what is the standard manual adjustment that must be made on all these types of plans?

  • What is the DC Template
  • What is adjust name of contribution source on all tabs
400

What administrative or operational errors can result in excess contributions? (name 3)

  • What are duplicate deposits,
  • incorrect plan year application,
  • contributions made for ineligible participants,
  • contributions credited to the wrong participant,
  • amounts deposited to wrong sources,
  • census errors,
  • negative contributions or reversals not accounted for.