Products April 24, 2014

InHub Introduces Fully Digital RFP

April 24, 2014 (PLANSPONSOR.com) – A new online portal from InHub LLC, a Securities and Exchange Commission-registered online investment adviser, helps fiduciaries quickly develop and circulate requests for proposals (RFPs).
Reported by

InHub, based in Chicago, says its new “eRFP” technology is designed to help institutional investors and investment advisers navigate the lengthy RFP process with prudence and ease. Fiduciaries use the program to invite qualified adviser candidates to respond to their eRFP by searching InHub’s exclusive online community of vetted, institutionally focused advisers.

A list of recommended RFP questions is also provided, saving fiduciaries significant time.

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The eRFP tool can also be used by investment committees of foundations, endowments and retirement plans to find qualified investment advisers, evaluate proposals online, select a winning adviser and document the entire process. InHub’s proprietary technology offers an efficient step-by-step process with an intuitive interface, varying levels of customization and committee collaboration. The system is tablet friendly.

“With our new eRFP technology we aim to modernize the current, archaic request for proposal process,” explain Kent Costello and Ariana Amplo, co-founders of InHub, which was launched in 2013. “Our goal is to help fiduciaries find specialist advisers while providing a system for a streamlined due diligence process.”

Qualified investment advisers are vetted prior to joining the online network to ensure their focus on the institutional investor space. Advisers only pay a referral fee to InHub after they are hired, with no upfront cost to be on the platform or participate in an RFP process.

Intersted parties can contact info@theinhub.com to learn more about conducting an eRFP or to apply to InHub’s exclusive adviser network. More information is also available at www.theinhub.com.

A demo can also be requested here.

Benefits April 24, 2014

Many Small Businesses Not Prepared for ACA Changes

April 24, 2014 (PLANSPONSOR.com) – Only about half of U.S. small businesses polled say they both understand and are prepared for changes called for by the Patient Protection and Affordable Care Act (ACA).
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Payroll services provider Paychex’s recently released Small Business Snapshot highlights the persistent lack of understanding and preparedness among some business owners when it comes to ongoing health care reform.

The poll found 54% of respondents say they understand what is expected of their business when it comes to the ACA. Thirty percent say they have only a partial understanding, and 16% say they do not understand at all what is expected of their business in order to comply with the requirements of the ACA.

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In a separate Paychex survey of small business startups with 50 or fewer employees, only 48% of business owners feel totally prepared for the changes to the health care system as per the ACA, while 16% feel somewhat prepared, but still need more help. Thirty-six percent say they are not prepared at all.

The Snapshot poll was conducted between January 31 and February 3. Respondents included nearly 550 business owners in the United States who employ 100 employees or less. The Paychex small business startup survey was conducted online between December 12, 2013, and January 8, 2014, with 250 U.S.-based startups, defined as businesses started in 2010 or later with one to 50 employees.

An infographic containing the results of the Paychex Small Business Snapshot can be found here.

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