Navigation Links
403(b) Administration Now Turn-Key with New 'Single Solution/Multi-Provider' Web Hosted Platform - 403(b)connect
Date:5/20/2009

While some larger plan providers and consultants in the 403(b) market are pushing nonprofit clients to eliminate options for participants by paring down to a single plan provider, se2 of Topeka, Kansas, says with 403(b)connect, now is the time to keep provider and investment choices and "Automate Before You Consolidate!"

Topeka, KS (PRWEB) May 20, 2009 -- The new fully automated 403(b)connect by se2 is turning the heads of both industry and nonprofit professionals as the best technology solution for all regulatory compliance requirements since the implementation of new IRS regulations for 403(b) plans.

The 403(b)connect platform allows plan providers, third party administrators (TPAs) and plan sponsors a solution which is robust and flexible to meet the different needs in the industry. It provides a view of participant accounts holistically as an entire plan with multiple providers. Through a simple configuration change, the platform adjusts to show a singular view with just one provider's business. The platform also includes all customer service, transaction validation, audits and plan reporting.

Since the January 1 regulations were implemented, four major providers have been licensed with 403(b)connect, which now supports more than 450,000 participants.

While some providers have continued to support the 403(b) market, they have done so with in-house administrative solutions. se2 has a software platform with a focus on an industry-wide solution.

"What makes 403(b)connect different is the fact it is independent and does not require the use of a specific plan provider," says Brent Littleton, Chief Technical Officer at se2. "It's a technology-advanced solution which allows the system to transform itself based on the need of the client. It can accommodate a plan provider struggling with multiple administrative platforms. It can also support TPAs and Plan Administrators needing the ability to look at a single plan across all plan providers."

With the regulatory changes, nonprofit clients such as school districts or hospitals are required to know their plans are compliant for employee participants who own a 403(b). 403(b)connect actually makes compliance simple, quick and inexpensive to implement.

"Each time we show 403(b)connect to an organization, they love it," says Littleton. "With one click, they can quickly see every aspect of a plan and participant. At this point, plan owners and administrators should want to know if their plan providers and TPAs are using 403(b)connect."

se2 has been selected as one of the hottest insurance technology companies in 2009 by Forrester Research Group.

About se² -- se² is a subsidiary of Security Benefit Corporation, one of the most highly-regarded companies in the financial services and retirement planning industry. Leveraging an award-winning technology platform and decades of life and annuity experience, se² provides low-cost, high-quality service administration and distribution support services.

###

Read the full story at http://www.prweb.com/releases/se2/403bconnect/prweb2437454.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved  

Related medicine news :

1. Lincoln Financial Group Launches Lincoln 403(b)e SURE(SM) Advantage
2. Veterans Health Administration Selects Essi Systems as Sole Source Provider to Reduce Workplace Stress
3. Cimzia(R) (certolizumab pegol) Now Available for Self-Administration in Adult Patients With Moderate to Severe Crohns Disease
4. New Economic Impact Study: Obama Administration Implementation of Bush-Era Medicare Regulation Will Cost U.S. $2.5 Billion in Business Activity, Cut Over 30,000 Jobs
5. AMDL Inc.s JJB Plant Receives Production Approval From Chinese State Food and Drug Administration (SFDA)
6. Veterans Administration Awards Small Business' $13 Million Contract to Digitize Veterans Health Records
7. Joint Statement from AHCA, NCAL, and the Alliance on the Obama Administrations FY 2010 Budget
8. Obama Administration Rules Against Californias Proposed Wage Cuts to Homecare Workers
9. Obama Administration Might Recommend Three Flu Shots for Americans This Fall
10. Waters Corporation Announces U.S. Drug Enforcement Administration Acquires Waters ACQUITY UPLC System to Train Forensic Chemists in Drug Screening and Profiling
11. Coalition of Leaders in Science and Research Commend Obama Administration for Commitment to Medical Innovation During First 100 Days
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
403(b) Administration Now Turn-Key with New 'Single Solution/Multi-Provider' Web Hosted Platform - 403(b)connect
(Date:2/10/2016)... ... February 10, 2016 , ... A ... Safety Congress and Expo event March 9-11, 2016. Hosted by Ohio's Bureau of ... , As the longest running and largest worker's compensation event in Ohio, ...
(Date:2/10/2016)... ... February 10, 2016 , ... ... Everseat digital self-scheduling readily available to physicians. The integration will enable Allscripts ... and select appointments via Everseat’s free mobile app. , The partnership gives Everseat ...
(Date:2/10/2016)... ... February 10, 2016 , ... ... Jacksonville, FL 32224, February 26th: Amateur & Professional Divisions - Time: 7:00pm ... 7:00pm – 10:00pm | Ticket Prices $30, Social Media: http://www.USPoleSportsFed.org , ...
(Date:2/10/2016)... ... ... Workrite Ergonomics, who is celebrating their 25th year of business in 2016, is ... recognized leader in their industry. , "We are very proud of our heritage and ... “Workrite recognized the importance of good ergonomics before most of our competition even knew ...
(Date:2/10/2016)... ... 2016 , ... Anxiety of older Americans over steep cost increases of prescription ... decade ago, according to The Senior Citizens League (TSCL). Since last ... with rapidly rising costs. “The implications are chilling, particularly for people with chronic ...
Breaking Medicine News(10 mins):
(Date:2/10/2016)... 2016 ALSP, Inc. announced that it has appointed ... Medical Affairs in preparation for its move into clinical trials ... CEO, stated, "We are pleased to welcome Dallas Hack ... with an individual of such practical knowledge and far-reaching experience ... deeply on his broad experience and success as a clinician ...
(Date:2/10/2016)... , Feb. 10, 2016 Intouch Solutions, a ... identified an industry-wide trend regarding the evolution of ... organizations to efficiently deliver compelling sales presentations via ... and another in 2015, Intouch uncovered that while ... devices and DSAs, many are not using them ...
(Date:2/10/2016)... 2016  Until recently, the options for reducing the ... the FDA approved the non-invasive Coolsculpting treatment, which removes ... originally approved in 2010 for the abdomen and this ... chin. With this add-on approval, the experts at Laser ... applicator, the CoolMini, to address smaller areas of fat. ...
Breaking Medicine Technology: