Products July 17, 2007

Benefits Comm. Firm Strengthens Web Site

July 17, 2007 (PLANSPONSOR.com) - Benefit Software, a Santa Barbara, California-based benefits communication provider, has beefed up its Fringe Facts Online benefits enrollment and administration Web site.
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A news release said the site serves as a delivery vehicle for summary plan descriptions (SPDs), but also offers a tracking feature to ensure compliance with the Employee Retirement Income Security Act of 1974 (ERISA) requirements for electronic delivery.

The Fringe Facts Online service generates e-mail notifications that include a link for employees to access their benefits Web site where they are presented with a notice that instructs them to click one of two links to either view or not view the SPD.

According to the news release, the information can be personalized so that employees view SPDs only for those benefits for which they are eligible. The Fringe Facts Online service monitors and tracks individual employee responses using time and date stamping and automatically generates follow up e-mails to remind individuals who have not responded.

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The news release said the service can also be used to provide electronic delivery and tracking of Summary Annual Reports (SARs), Employee Handbooks, Health Insurance Portability and Accountability Act (HIPAA) Notices, Medicare Credible Coverage Notices, Women’s Health and Cancer Right Notices, Newborn’s and Mother’s Health Protection Act Notices, or any other documentation that must be provided to employees.

More information is at  www.bsiweb.com .

Products July 16, 2007

Boston Firm Unveils Two 130/30 Offerings

July 16, 2007 (PLANSPONSOR.com) - Independence Investments LLC, a Boston-based money manager, has unveiled Long/Short 130/30 U.S. Mid-Capitalization Core and Long/Short 130/30 U.S. Large Capitalization Value strategies to the institutional market.
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According to a company news release, the 130/30 mid-cap core and large cap value strategies are managed by a team led by Senior Vice Presidents John C. Forelli,   Jay C. Leu, and Thomas D. Spicer,   who oversee the firm’s large cap and mid-cap equity strategies.

Independence ‘s long/short strategies maintain 100% net market exposure and generally include 125-175 long positions and 40-80 short positions, with holdings diversified by sector and industry, and active risk concentrated in stock selection.

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“Our long/short 130/30 approaches are enhanced versions of our existing strategies and by eliminating long-only constraints we are able to make better use of all the information in our proprietary valuation models,” said Mark Lapman, chief executive officer and chairman of the investment committee in the announcement.

There will be a minimum account investment of $1 million, the company said.

More information is at   www.independence.com .

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