DALBAR Grants AXIS Retirement Analytics Platform Its Benchmark Methodology Certification Seal

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DALBAR rendered an opinion on methodology outlined for AXIS Retirement Analytics Platform's Benchmarking Solution

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DALBAR, a trusted source for helping the retirement industry in achieving excellence through evaluation and accreditation of strict processes has rendered an opinion on methodology outlined for AXIS Retirement Analytics Platform’s Benchmarking.

DALBAR, Inc. is the nation's leading financial services market research firm which performs a variety of ratings and evaluations of practices and communications that are designed to raise the standards of excellence in the financial services and healthcare industries.

To improve transparency, DOL introduced regulations in 2012 that require plan providers to analyze their plans against comparable industry averages.

The AXIS Retirement Analytics PlatformTM is the industry’s only comprehensive option for the DOL’s new regulatory requirements. Automated data aggregation, 408(b)(2) & 404a-5 Disclosure module, extensive reporting, & On-Demand Benchmarking - complete with audit controls. Data drives the AXIS Retirement Platform, and is aggregated on a monthly basis from our Data Providers.    With over 80,000 ERISA Plans refreshed on a monthly basis with fees, services and provisions, AXIS benchmark can produce the most comprehensive comparable in one click.

“After review of the methodology outlined by AXIS, we have found that the approach taken can be expected to produce reliable benchmarks, subject to an implementation that follows the outline presented and incorporating proper controls” said Louis S. Harvey, President of DALBAR. “Caste Rock Innovations is hereby granted the right to use the DALBAR Benchmark Methodology Certification Seal.”

“We’re excited to be able to provide our benchmarking tool for the industry and having DALBAR’S qualified opinion, validates our mission and objective to provide accurate real time data back to the industry,” added Khash Sarrafi, CEO of Castle Rock. “This qualified opinion is built on two outstanding organizations: DALBAR which is committed to raising the standards of excellence in the financial services and Castle Rock Innovations, providing the leading plan data aggregation, benchmarking and 408(b)(2) disclosure services available.”

About Castle Rock Innovations and AXIS
Castle Rock Innovations has been serving the financial industry for over 20 years by providing our clients with technology that improves efficiency and creates value. In anticipation of 401(k) fee disclosure regulations that were introduced in 2012 by the Department of Labor, Castle Rock innovations developed the Axis Retirement Analytics Platform ™, a real-time, web-based platform that allows retirement broker-dealers, record keepers, banks and retirement plan fiduciaries to meet these regulatory fee disclosure reporting requirements. Today the Axis Retirement Analytics Platform ™ is an industry leading product used by 10 of the top 20 broker dealers in the nation and more than 105 clients. AXIS currently holds data from over 75+ Record Keepers and Insurance companies and provides a zero touch automated connectivity (Single Sign-On) to the largest data sources.

Castle Rock Innovations Inc. is a privately owned and operated corporation with headquarters in Chicago Illinois and offices throughout. Our company has been recognized by Inc500 as one of the fasted growing private companies. http://www.axisretirement.com

About Dalbar

Dalbar, Inc. is the financial community’s leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service. Launched in 1976, Dalbar has earned the recognition for consistent and unbiased evaluations of insurance companies, investment companies, registered investment advisers, broker/dealers, retirement plan providers and financial professionals. Dalbar awards are recognized as marks of excellence in the financial community.

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