This integration bridges the gap between two data sources vital to many businesses, allowing the secure and efficient transmission of retirement plan data between Nationwide and payroll/HCM platforms.
New Providence, NJ (PRWEB) September 28, 2017
EverythingBenefits, a provider of comprehensive, next-generation benefits technology solutions and services, today announced a new offering with Nationwide, one of the largest financial and insurance service providers in the country, to provide support for bidirectional 360° 401(k) financial information communications. Through this integration, payroll and retirement plan data can flow seamlessly between Nationwide and client payroll/HCM platforms, helping to ensure accurate and timely reporting and processing.
EverythingBenefits acts as a key communications hub between employers, payroll service bureaus (PSBs) and insurance carriers. As a member of the Nationwide’s Preferred Payroll Program, EverythingBenefits bridges together operations and technology to meet the needs of plan sponsors and plan administrators.
The integration between EverythingBenefits and Nationwide automatically syncs retirement plan data to accurately and securely share information, delivering an improved experience that leaves more time for plan sponsors to focus on their businesses. By combining Nationwide’s years of industry experience and EverythingBenefits’ next-generation technology into a one-stop-resource, plan sponsors can see substantial improvements in the following areas:
- Payroll and tax processing through EverythingBenefits’ extensive network of payroll partners
- 401(k) and other retirement plans and services
- Benefits administration
Nationwide’s Preferred Payroll Program matches regional payroll and human resource providers with retirement plan professionals, providing these organizations and their clients access to Nationwide’s diverse portfolio of retirement plan products. Together, all parties can expand their product offerings to clients in addition to providing enhanced customer service.
Nationwide is part of EverythingBenefits’ growing family of connected 401(k) providers and insurance carriers. EverythingBenefits seeks to improve and upgrade the insurance benefits lifecycle experience for its network of payroll and HCM partners and their clients through leveraging their growing ecosystem. Innovations in product solution designs and the industry as a whole are driven by the dynamic relationships EverythingBenefits forms with their partners and clients.
“This integration bridges the gap between two data sources vital to many businesses, allowing the secure and efficient transmission of retirement plan data between Nationwide and payroll/HCM platforms,” says Dmitry Korsunsky, CIO of EverythingBenefits. “This translates into faster communications, more accurate reporting, and lower overall costs of administration.”
EverythingBenefits is a leading provider of next-generation, end-to-end benefit technology solutions and services that help businesses of all sizes and their employees experience benefits in more meaningful ways. By leveraging an open business model, EverythingBenefits partners with benefit brokers, independent agents, insurers, payroll and human capital management companies, and other providers. The company’s philosophy is that technology should make life simpler, more rewarding, and more enjoyable. For more information, please visit our web site at http://www.everythingbenefits.com or connect with us via LinkedIn, Twitter, or Facebook.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit http://www.nationwide.com.
Nationwide, Nationwide is on your side and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company.