And the next generation of 403(b)connect absolutely confirms its purpose which is to give providers, TPAs and plan sponsors the ability to meet all requirements while literally having a 'set it and forget it' working environment.
Topeka, Kansas (PRWEB) July 23, 2009
se2 next generation of 403(b)connect is here.
The 2009 IRS regulations for 403(b) plans undoubtedly brought serious administrative solution needs to the doorstep of all plan providers, third party administrators (TPAs) and plan sponsors. se2 responded with its award-winning 403(b)connect, a technology solution for all regulatory compliance requirements industry-wide.
Now the next generation of 403(b)connect is here, providing significant new features such as:
- PostAudit management to insure that every transaction complies with IRS regulations by automatically flagging any audit failure so users can identify the solution as well as the source of the error.
- Full-featured ad hoc reporting for virtually all data in the database, from employers and TPAs to plans to participants and transactions with searching, sorting and filtering on all fields.
- New report formats from new Spark versions (support 1.0 - 1.03 with 1.04 coming soon) to TPA specific formats and/or TPA specific Spark flavors.
se2, last week, began serving its fourth nationally-known client which sells annuities in the 403(b) market place in all 50 states. This latest on-time implementation brought 3,000 plans and nearly 50,000 participants into the state-of-the-art 403(b)connect platform.
"Our team is simply incredible," says se2 Chief Technology Officer, Brent Littleton. "Our client deliverables were exceeded by going live in production with zero defects or issues on day one while coming in under budget for the client. We flipped the switch and it was a non-event. Our client expected it to work perfectly and it did."
Littleton says se2 is one of few technology solution providers that can provide this level of service while also completing implementation activities in weeks instead of months.
"The compliance issues are complex," says Littleton. "And the next generation of 403(b)connect absolutely confirms its purpose which is to give providers, TPAs and plan sponsors the ability to meet all requirements while literally having a 'set it and forget it' working environment."
se2 has been selected as one of the hottest insurance technology companies in 2009 by Forrester Research Group. se² was also selected as the Computerworld Honors award winner in the category of Finance, Insurance and Real Estate for its development of 403(b)connect.
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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.