CORE Distributions Processing Solution addresses the challenges you face during distributions – the key liquidity event for any retirement planning organization. With the overview offered by the CORE solution, you can offer all stakeholders an understanding of needs and disinvestment preferences of the participants and presents relevant distribution options.

To maximize efficiency and throughput, the platform supports multiple types of distribution withdrawal:

  • Hardship
  • In-service
  • RMD
  • Separation from service
  • Direct rollovers into IRAs
  • Computes both Federal and State taxes as well as fees
  • Supports periodic payments in addition to one time payments
  • Allows payments to beneficiaries and alternate payees

… and also supports multiple delivery channels:

  • 1. EFT
  • 2. Checks
  • 3. Wire

Benefits

Intuitive Connected Web Access

Exercise greater oversight and control over the entire process for all critical stakeholders, including plan participants, advisors, sponsors and administrators.

Complete Documentation

Simplify audit planning through comprehensive records management, policies for retention of supporting documents, audit trails and reporting.

Improved Efficiency

Aggregate all distribution withdrawals and delivery channels into a single platform to make the loan disbursement process more efficient.

Ask for a demo today!

Your digital transformation
is just a click away.

Get a callback from a senior solutions consultant from Congruent today.