Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products July 23, 2009
se2 Adds Features to 403(b)connect
July 23, 2009 (PLANSPONSOR.com) - se2
(service.end2end), a provider of business technology and
processing solutions for the financial services and
retirement planning sector, has updated its automated 403(b)
info sharing solution.
Reported by Rebecca Moore
According to a press release, new features of 403(b)connect include:
- PostAudit management to ensure that every transaction complies with IRS regulations by automatically flagging any audit failure so users can identify the solution as well as the source of the error;
- Full-featured ad hoc reporting for virtually all data in the database, from employers and TPAs to plans, participants, and transactions with searching, sorting, and filtering on all fields; and
- New report formats from new SPARK Best Practices versions, TPA-specific formats, or TPA/SPARK combinations.
se2 first introduced its 403(b)connect solution last July (see se2 Helps 403(b) Vendors Connect ).
While the increased administration resulting from new 403(b) rules has led many to pare down or consider paring down the number of vendors offering in their plans, Brent Littleton, vice president and chief technology officer for se2, says a multi-vendor environment can be sustained with the right technology (see 403b Summit: Vendor Selection: A New Opportunity? ).
More information is available at www.se2.com .
You Might Also Like:
84 Lumber Co. Retirement Plan Sued for High-Fee Investments In-Plan
A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...
Retirement Plan Lawsuit Targets Texas Health Care System
Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.
Humana Inc. Defeats Class Action Claims of Excessive 401(k) Fees
A federal judge in Kentucky ruled in favor of the Humana Retirement Savings Plan with a summary judgment and dismissed...