LRM-2000 Laboratory Resources Management

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Start Page
Time Sheet
Expense Reporting
Time Off Request
Purchase Order Management
401-K Investment Management
W-4 Withholding
Interactive Point & Click Data Reporting
Implementing LRM -2000
 
 
 401-K, Investment Management Next>>

Managing, scheduling and approving 401K investment enrollment  and continuing maintenance of investment fund portfolio selection can be challenging, tedious and labor intensive process. LRM-2000’s graphical 401-K Investment setup board allows plan administrators to instantly access all 401-K related information, review employee's 401-K plan status in a tabular format and approve by a simple point-and-click. Upon approval, 401-K related information are automatically routed to human resources department for further processing.

LRM-2000 Based 401-K Investment Management is Simple, Easy and Efficient:
LRM-2000 system's modular web based approach consists of the following steps:

  1. Employees enter 401-K information, using a secure, password protected, 401-K Investment data entry screen. Upon completion of data entry, they submit for approval by a simple point and click.
  2. Administrator  upon login is reminded about "401-K Waiting Approval". Administrator reviews and approves 401-K enrollment, 401-K change in investment portfolio, .. etc. individually or as a group.
  3. Approved 401-K investment forms are automatically routed to human resources department.

401-K Enrollment Form:
The Using LRM-2000's web based intuitive user interface, employees enter 401-K enrollment information, if they are participating for the first time, they are presented with Revision-1 of the enrollment form, else they are shown the last version of their enrollment data.  The system allows for multiple revisions of enrollment, reflecting the percentage contribution under each enrollment period.

   

401-K Investment Election Form:
 The 402-K investment election form provides access to the following information:

  • New Enrollment:
    - New enrollee in the plan selects appropriate fund and percentage of contribution
      for each of these funds selected.
    - Transfer funds.
    - Rollover.
  • Existing Enrollees:
    - Can change fund and percentage of contribution for each of these funds selected.
    - Transfer funds.
    - Rollover.

        

401-K Designation of Beneficiary Form:
Participant of 401-K plan can designate a beneficiary by filling designation of beneficiary form.

   

The system allows for multiple revisions of enrollment, investment elections and designation of beneficiary reflecting the changes made under each enrollment period and revision number.

 

 

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