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:10/13/2017)... ... October 13, 2017 , ... PurhealthRX , a leading Health ... technology. Applying the Purzorb™process to full spectrum CBD oil will revolutionize the rapidly growing ... form that can be easily incorporated into liquid products, while reducing costs to end ...
(Date:10/13/2017)... SAN LUIS OBISPO, Calif. (PRWEB) , ... October 13, 2017 , ... ... with Alzheimer’s or dementia. However, many long-term care insurance companies have a waiver for ... mean is the 90-day elimination period, when the family pays for care, is often ...
(Date:10/13/2017)... Abilene, Texas (PRWEB) , ... October 13, 2017 , ... ... publication this week that explains one of the most popular and least understood books ... seems like cryptic and puzzling descriptions that have baffled scholars for centuries. Many have ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian history of ... Brink” is the creation of published author, William Nowers. Captain Nowers and his ... veteran, he spent thirty years in the Navy. Following his career as a ...
(Date:10/12/2017)... WAUSAU, Wis. (PRWEB) , ... October 12, 2017 ... ... formulated standard products to meet the demand of today’s consumer and regulatory authorities ... team of probiotic experts and tested to meet the highest standard. , ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... 2017  AllianceRx Walgreens Prime, the combined central specialty ... pharmacy benefit manager Prime Therapeutics LLC (Prime), today officially ... the unveiling of new signage at its headquarters in ... at a few other company-owned facilities across the country. ... some of whom will begin to see the AllianceRx ...
(Date:9/28/2017)... -- Cohen Veterans Bioscience and Early Signal Foundation announce ... home sensors for real-time monitoring of patients with trauma-related ... organization focused on disruptive health solutions for rare disorders ... to record and integrate behavioral, cognitive, physiological and contextual ... ...
(Date:9/25/2017)... Sept. 25, 2017  EpiVax, Inc., a leader ... and immune-engineering today announced the launch of EpiVax ... of personalized therapeutic cancer vaccines. EpiVax has provided ... access to enabling technologies to the new precision ... lead EpiVax Oncology as Chief Executive Officer. Gad ...
Breaking Medicine Technology: