Year-End Processing

CORE year-end processing solution aims to streamline and minimize time-consuming corrective procedures involved in census data collection and management for the year-end process. Supported by a rules based validation mechanism, it allows the sponsors and administrators to edit and submit employee census data in real time ensuring that the data provided is correct the first time.

It also has a feature for an online year end questionnaire to capture all of the information required to handle the year end testing that is based on the plan rules. The solution is able to automatically extract the census and deposit information from a recordkeeping system and other applications, allowing plan sponsors and administrators to confirm or modify the employee census data in real-time and then send the year end data for compliance testing; it can relay back all the changes made to the employee census information to the recordkeeping system.