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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 independen
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Source: PRWeb
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