Break from the Grind September 27, 2018

A Little Friday File Fun

And now it's time for FRIDAY FILES!
Reported by

In Miami Beach, Florida, police pulled over a woman driver. She and her boyfriend were asked to get out of the car and an officer asked the boyfriend if he had anything to say, according to the Associated Press. That’s when the boyfriend got down on one knee, held out a ring and said, “I just want you to marry me.” He had gone to the police station earlier to ask for help with his proposal. She said yes.
You really have to wonder sometimes what people are thinking.

If you can't view the below video, try https://youtu.be/OTNrTQny0-Y.
In Boulder, Colorado, someone was carted off the field during the University of Colorado Buffaloes’ football game against the University of New Hampshire. It was their mascot, Chip, who had the T-Shirt cannon pointed in the wrong direction. He later returned, okay.

If you can't view the below video, try https://youtu.be/raEOfuI2VJ8.
In Cranford, New Jersey, Steve Bacque, the self-proclaimed Crazy Cranford Cowboy, rides through town at the delight of residents. His ride is a golf cart motor powered by four electric batteries outfitted to look like a horse. The motorized horse is named Charger.

Reported by
Reprints
To place your order, please e-mail Reprints.
Products September 27, 2018

403(b) and 457(b) Plan Recordkeeper Enhances Platform

IPX is a modernization of traditional recordkeeping platforms that serve plans with multiple providers.

Reported by

FPS Group, LLC, a solutions provider for retirement plan professionals operating in the 403(b) and 457(b) markets, has enhanced its Investment Provider Xchange (IPX) platform with user interface and user experience updates.

The changes streamline the investment, administrative, operational and communication processes for 403(b) participants, plan sponsors and advisers. IPX is a modernization of traditional recordkeeping platforms that serve plans with multiple providers.

Features on the enhanced IPX platform include:

Get more!  Sign up for PLANSPONSOR newsletters.

  • Adviser-assisted participant enrollment – This feature overcomes what has traditionally been a major hurdle preventing participants from taking advantage of their employer-sponsored plans, by removing the paperwork and time delays. Entrusted advisers, with participant approval to engage in the enrollment process on their behalf, can now complete the necessary steps to quickly and efficiently enroll participants via the IPX Platform.
  • Adviser interaction and communication – Participants are able to view their adviser’s information and give them permission to carry out various tasks on their behalf, including investment changes and initiating transfers. Both the participant and adviser have separate login credentials to cut down on potential complications with audits and to comply with best practices.
  • Storage information and reporting – Participants and advisers can prepare reports for any time period of their choice. All information is stored by transaction in perpetuity. While most providers only store this data for 12 or 24 months, IPX doesn’t remove data, enabling participants to view pending transactions, documents, transaction certificates and public notices in an organized, protected vault.
  • Tailored adviser selection – Instead of viewing a list of approved products, participants and plan sponsors are able to see a culled-down list of advisers based on their geography, school district and other factors. This facilitates better tracking and security for plan sponsors, as they can regulate who has access to their campus and be confident that advisers are only selling authorized products.
  • Personalized resources – In addition to the resources already available on the platform, plan sponsors can design personalized education, resources and materials for their participants to equip them with the knowledge to be successful.
  • Dedicated Financial Wellness Resource Center – In response to the growing demand for financial literacy, the platform now includes videos, interactive calculators and articles to address the most sought-after topics by participants.
The changes are effective immediately and support will be available to current customers via phone and educational webinars. For more information, visit www.ipxplatform.com.

«