Software Tool “PlanCheckr” Announces CEFEX Certification for Fiduciary Excellence

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PlanCheckr joins the elite group of Investment Support Services program to successfully complete the independent certification process. PlanCheckr provides specialized automation, workflow management, and secure document storage to enhance the services provided by a plan adviser to a plan sponsor.

PlanCheckr

PlanCheckr Interface

Plan advisors and plan sponsors using PlanCheckr will experience increased automation, saving time and money in plan communications and audit support.

On May 17, 2017 CEFEX, the Centre for Fiduciary Excellence, LLC, a Fi360 company, has certified the 401K investment adviser tool “PlanCheckr” to the standards described by “Practices for Investment Support Services.” With this certification, PlanCheckr joins the elite group of Investment Support Services program to successfully complete the independent certification process. PlanCheckr provides specialized automation, workflow management, and secure document storage to enhance the services provided by a plan adviser to a plan sponsor. PlanCheckr verifies plan completeness and provides a full DOL audit check list and automatically generated DOL audit file with just a single click of a button.

According to the General Manager of the Centre for Fiduciary Excellence, Carlos Panksep, “Through CEFEX’s independent assessment, the certification provides assurance to advisors and plan sponsors that PlanCheckr has demonstrated adherence to the industry’s best fiduciary support practices. This indicates that PlanCheckr’s interests are aligned with those of advisors and plan sponsors.”

Philip Loeffel, CEO and Founder of Riptide Software noted that “Our goal in building smart automation tools like PlanCheckr is always to increase efficiency and improve accuracy.” Plan advisors and plan sponsors using PlanCheckr will experience increased automation, saving time and money in plan communications and audit support. “We’re proud of this certification as it shows that our dedication to our user base is being recognized at the national level.”

PlanCheckr as a support service for investment advisors and plan sponsors guarantees document conformity with elements typically requested during a DOL audit. The simple step by step process is shared across the entire industry and updates are free and automatic whenever new fiduciary rules are created.

The annual certification process involves a detailed assessment of operational data and procedures, followed by on-site reviews and testing. The PlanCheckr certificate administered by CEFEX.org can be viewed here: http://www.cefex.org/RegisteredCompanyList/Details/CFX10524

CEFEX standard are substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), the Investment Advisor’s Act of 1940, Uniform Prudent Investor Act (UPIA), Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Uniform Management of Public Employee Retirement Systems Act (MPERS) in the U.S.

Media Contact: Technology Resources and Riptide’s CEO are available for interview. Please contact Christy Puller, 321-296-7724. CEFEX media contacts are available for questions, please contact Carlos Panksep T: (416) 693-9733 for more information.

About CEFEX.org:
CEFEX, Centre for Fiduciary Excellence, LLC is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors, recordkeepers, administrators and managers. CEFEX has offices in Pittsburgh, PA and Toronto, Canada.

About PlanCheckr.com:
PlanCheckr provides workflow automation, secure document storage and DOL audit protection in a single and simple to use application. PlanCheckr is the communication and secure storage option providing DOL audit protection for Advisers and Sponsors.

About RiptideSoftware.com:
Riptide Software’s team of developers are passionate about the future of automation, security and enhanced productivity. Riptide Software has a solid reputation developing and deploying highly advanced technology systems for a wide variety of military and commercial applications.

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Christy Puller
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