Products April 14, 2003

SunGard Corbel Enhances RK Platform

April 14, 2003 (PLANSPONSOR.com) - SunGard Corbel has tacked on a defined contribution recurring rebalance transactions feature and Defined Benefit 412(i) plan recordkeeping options in its Relius Administration's version 8.2 release.
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According to the company, the Recurring Rebalance Transactions feature lets plan participants choose how often their investments should be rebalanced. The program can be scheduled and run unattended using Relius Administration’s Straight-Through Processing, or it can be used manually to create the transactions necessary to rebalance the investments for one or more plans, a plan group, or all plans.
 
412(i) plans, which produce larger tax deductions than standard defined benefit plans but usually for a shorter period of time, can now be valued through Relius Administration’s insurance annuity funding option.  These plans are funded totally with insurance products (life insurance and annuities).  They can produce larger contributions without actuarial certification because of the conservative assumptions embedded in the insurance products.

Products April 12, 2003

D&T Partners With HR Internet Company

December 16, 2002 (PLANSPONSOR.com) - Deloitte & Touche LLP, is teaming up with an Internet company specializing in HR programs to offer clients not only HR consulting, but software to help implement suggested corporate enhancements.
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According to an announcement from Deloitte & Touche and Workscape, the joint client offering will be designed to not only promote Workscape’s software but Deloitte and Touche consulting services including its eHR strategy.

eHR, which the announcement said includes needs appraisal, change management, communication, and back-end integration services, will be offered in concert with Workscape’s suite of HR applications. Those include proigrams for employee self-service, manager self-service, benefits enrollment and compensation planning, the announcement said.

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The companies said that their joint venture can help clients improve employee performance and efficiency, reduce administrative costs, and enhance communication between managers, employees and outside HR suppliers.

According to the announcement, Employee.com, Workscape’s Internet portal, pulls together Workscape’s applications with content from employer sources, such as corporate intranets, and syndicated third-party sources in a consolidated view.

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