Managing a Plan Sponsor Account

User Roles:

AM

AR

This page contains answers to Common Questions about the managing a Plan Sponsor Account. Review this page to learn about how to create a Plan Sponsor Account, what registered Plan Sponsor information can and cannot be changed, and more. For additional information refer to the Manage a Plan Sponsor Account section of the RDS User Guide.

What information is required to create a new Plan Sponsor Account?

ANSWER: Specific Plan Sponsor, Authorized Representative, and Account Manager information is required to create a Plan Sponsor Account. For detailed information, refer to Create a New Plan Sponsor Account.

Answer ID: 200-1
Date Posted: 10/17/2014

How do I create a new Plan Sponsor Account?

ANSWER: For step-by-step instructions, refer to Create a New Plan Sponsor Account.

Answer ID: 200-2
Date Posted: 10/17/2014

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What registered Plan Sponsor information can be changed?

ANSWER: The following registered Plan Sponsor information can be changed:

  • Phone Number
  • Fax Number
  • Organization Type
  • Address
  • Website

Answer ID: 200-3
Date Posted: 10/17/2014

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What registered Plan Sponsor information cannot be changed?

ANSWER: The following registered Plan Sponsor information cannot be changed:

  • Employer Identification Number
  • Organization Name

Note: Refer to Report a Change of Plan Sponsor EIN or Company Name if the Plan Sponsor's Employer Identification Number or Organization Name must be changed.

Answer ID: 200-4
Date Posted: 10/17/2014 Last Updated: 08/15/2015

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Who can change registered Plan Sponsor information?

ANSWER: The Account Manager is the only RDS Secure Website user that has the authority to change Plan Sponsor information.

Answer ID: 200-5
Date Posted: 10/17/2014

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How do I change registered Plan Sponsor information?

ANSWER: For step-by-step instructions, refer to Change Registered Plan Sponsor Information.

Answer ID: 200-6
Date Posted: 10/17/2014

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What is the definition of a change in ownership and as the Plan Sponsor, do I need to notify anyone should a change occur?

ANSWER: As part of the Plan Sponsor Agreement and in accordance with 42 C.F.R. ยง423.892 of Federal regulations, Plan Sponsors are required to provide CMS with notice at least 60 days prior to the anticipated effective date of the Change of Ownership.

Examples of a Change of Ownership include any transfer of assets, merger, name change, or new Employer Identification Number (EIN).

Refer to Report a Change of Plan Sponsor EIN or Company Name for information on reporting a Change of Ownership.

Answer ID: 200-7
Date Posted: 10/17/2014 Last Updated: 08/15/2015

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