4 features to look for in your Retirement Withdrawal Software

For a retirement plan provider, withdrawals or distributions are the key liquidity events in the entire plan management cycle. Given the number of participants that every plan provider manages, withdrawals also take a significant scale. Digitization of retirement withdrawal management can significantly improve efficiency and accuracy.

Benefits of Data Analytics For Retirement Plan Providers

Data analytics has emerged as a vital strategic tool for retirement service providers. Read how it can help you, as a planner, to stay ahead of the pack.

A Quick Guide on Form 5500 For Retirement Plans

Retirement Plan industry is under constant pressure to to meeting Form 5500 deadline. Outsourcing form 5500 filing is a better option as it saves the additional expenditure on maintaining an internal team around the year.

Future-ready Record keeping Systems for the Retirement Plan Industry

Congruent’s intelligent solution CORE empowers recordkeepers and plan administrators. It supports end-to-end recordkeeping operations designed to meet the specific needs of retirement plan providers in America. A cloud-native automation system, CORE works as a retirement plan administration software that provides you complete control over operational costs.

4 Challenges of Legacy Retirement Plan Applications

Retirement plan providers must be at the top of their game, constantly updating plans and ensuring that their clients get the most for their money invested. However, legacy plan administration applications often remain in use for far longer than ideal, which doesn’t support growth plans.

How to Manage Data in Retirement Plan Industry?

Managing this wave requires sophisticated systems that can handle the data of millions of retirees. Retirement plan administration software helps ensure that participants receive better service and regular updates related to their retirement accounts.

How to Reduce Risk in Retirement Plan Administration?

Automation in the retirement plan industry must eliminate time-consuming manual processes. Opting for retirement plan administration software allows you to manage the data complexity and avoid penalties for non-compliance.

How to leverage technology for 401k Compliance Testing?

401k Compliance Testing is necessary but complex. An experienced outsourcing partner with knowledge of technology platform can help meet the deadline and without errors.

6 Reasons Why You Should Outsource Retirement Plan Administration?

Retirement Plan Administration is integral to a plan provider. Outsourcing to a specialist partner can help plan providers to focus on sponsors and participants better.