3 06, 2014

3 Most Important Technology Considerations for Modern Retirement Plan Recordkeeping Systems

Categories: 401K record keeping software, Blog, DC Record Keeping, Record Keeping Software, Retirement Plans Record keeping, Retirement Technology, Thought Leadership, Uncategorized|Tags: , , , , , |0 Comments

It is a matter of fact that the typical plan provider organizations must provide enterprise services to an ecosystem of many stake holders: plan administrators, sponsors, advisors, participants, TPAs, and other service providers. Because of the varying needs of the stakeholders, most plan provider organizations find themselves forced to manage a complex heterogeneous environment comprised [...]

24 10, 2013

4 Reasons why pension providers don’t want to upgrade Aging and Obsolete Enterprise Systems:

Categories: 401 Record Keeping, 401K record keeping software, Blog, DC Record Keeping, Record Keeping Software, Retirement Plans Record keeping, Retirement Technology|Tags: , , , , , , , |0 Comments

In the retirement services industry, aging IT Systems that have been upgraded with a piecemeal approach over the years are a major challenge to the pension providers. Not only has this approach led to technology obsolescence but has also adversely affected the overall productivity due to increased maintenance and administration overheads. What are the key [...]

24 10, 2013

Consolidate or Replace : IT Application labyrinths in the Retirement Plan Administration Organizations

Categories: 401K record keeping software, Blog, DC Record Keeping, Record Keeping Software, Retirement Plans Record keeping, Retirement Services, Retirement Technology, Thought Leadership|Tags: , , , , , |0 Comments

Plan provider organizations which complain about the cost of IT maintenance often fail to realize that the root cause for the humongous IT expenditures are the labyrinths of IT applications, they have coddled over years. Plan providers have built those software applications and even bought a few software packages from different suppliers one at a [...]

24 10, 2013

Retirement Plan Information: Paper versus Electronic communication Dilemma in the retirement plan record keeping process

Categories: 401 Record Keeping, 401K record keeping software, Blog, DC Record Keeping, Record Keeping Software, Retirement Services, Retirement Technology|Tags: , , , , , |0 Comments

While legislative and regulatory policies are allowing the plan providers to have the electronic delivery of communication in the retirement plan record keeping as their default channels, the story is different from plan participants’ standpoint. Plan participants want the paper communication as the default channel in the retirement plan record keeping, with an option to [...]

24 10, 2013

Big Data: Time for the data to drive the opportunities inthe Retirement Industry

Categories: 401K record keeping software, Blog, DC Record Keeping, Record Keeping Software, Retirement Plans Record keeping, Retirement Services, Retirement Technology, Thought Leadership|Tags: , , , , |0 Comments

In 2012, with the onset of new transparency requirements, Timoty Slavin of Broadridge prophesied that a clear insight into the fees related to plan and fund administration, brokerage windows, commissions, sales charges, etc., will be available for plan sponsors and participants. However that insight is correlated to the factor that how well the complex data [...]

24 10, 2013

Pension Auto-enrollment Employee Assessment – Getting it right!

Categories: 401K record keeping software, Blog, DC Record Keeping, Record Keeping Software, Retirement Plans Record keeping, Retirement Technology|Tags: , , , , , , |0 Comments

Auto-enrolment pension reform made it mandatory for every UK employer to enroll workers automatically into a qualifying pension scheme – starting in October 2012. Auto-enrolment brings a new set of duties and obligations, as well as major operational, financial, compliance and reputational risks to all employers – including the challenge of managing huge inflow of [...]