Common use of Recordkeeping Services Clause in Contracts

Recordkeeping Services. ‘‘Record- keeping services’’ include services re- lated to plan administration and moni- toring of plan and participant and ben- eficiary transactions (e.g., enrollment, payroll deductions and contributions, offering designated investment alter- natives and other covered plan invest- ments, loans, withdrawals and distribu- tions); and the maintenance of covered plan and participant and beneficiary accounts, records, and statements.