The Changing Landscape for Retirement Services Outsourcing

The Retirement Plan industry is under pressure to provide innovative solutions that can encourage employees to save more for their retirement. However, they face many challenges. Outsourcing can help!

SECURE Act 2.0: What to expect? New provisions & challenges for the retirement plan industry

The Setting Every Community Up for Retirement Enhancement (SECURE) Act’s version 2.0 is expected to be released in December 2022. It builds on the first version of the act. SECURE Act 2.0 aims to address its shortcomings and cater to the retirement financial wellness of part-time employees.

Are you ready to retire your legacy retirement plan administration software?

The retirement plan industry is ripe for digital transformation. For years, the industry has relied on legacy systems and processes that are no longer effective in today’s fast-paced digital world.

7 Ways Retirement Plan Data Plays a Crucial Role

Data is the backbone of the US retirement plan industry. Without accurate and timely data, it would be difficult for retirement plan providers and recordkeepers to make sound decisions.

Technology helps derive insights from various data, including detailed information on plan sponsors, participants, assets, and investment options.

Digital transformation in Retirement Plan Industry: Getting it right

To sustain in the highly competitive market, retirement plan service providers must spend more on digital transformation. They must adopt new-age technology to address customer service issues and deliver personalized services with self-service options. Besides offering convenience, using digital platforms helps cut down costs for recordkeepers.

How To Choose Outsourced Plan Administration Partner?

Finding a reliable service provider can be challenging, especially in an industry as nuanced and evolving as the retirement sector. But by carefully choosing your outsourcing vendors, you can add considerable value to your business efficiency. If you’d like to know more, do get in touch with us.

Whitepaper: How to deliver SUPERior Experience to Plan Participants?

Do you know over 70% of Gen X-ers and 42% of Gen Z-ers are planning for retirement already? The twist here is none of them…

4 paths to success in the evolving retirement ecosystem

The US retirement system is under rising pressure as it faces increasing competition, decreasing revenue growth, escalating regulatory pressure, and an aging population. The structural challenges that contribute to these challenges are unlikely to ease in the near future.

Choosing Outsourcing Partner for Retirement Plan Administration

The expense and effort of handling retirement plan administration in-house are constantly increasing while compliance with the Employee Retirement Income Security Act (ERISA) guidelines and new rules and regulations such as SECURE Act and CARES Act adding to the pressure. Hiring an in-house team is a full-time expense.