A Powerful Solution for Higher Plan Accuracy

A Powerful Solution for Higher Plan Accuracy

A Powerful Solution for Higher Plan Accuracy

Tech Solution Keeps Out Errors

Higher Accuracy Backed by Technology

Accurate employee data is the key to a healthy retirement plan. When errors get through, employers need to spend time and money to correct them. Bad data also exposes employers to fiduciary risk.

Participant Data Management, our industry-leading data technology solution, keeps errors out of a plan in the first place. And we include it in every plan we offer.

 

Unrivaled Process Helps Plans Run Smoothly

98

Data
Validations

 
  • 33 warnings
  • 65 stop-and-fix errors

Want to Hear More About Participant Data Management?

Let's talk about how our data technology can ensure accuracy, save time and reduce risk.

First Name
Last Name
Email
Company

Want to Hear More About Participant Data Management?

Let's talk about how our data technology can ensure accuracy, save time and reduce risk.

First Name
Last Name
Email
Company

Ready to See Participant Data Management in Action?

Let’s talk about how our data technology can ensure accuracy, save time and reduce risk.

First Name
Last Name
Email
Company

Ready to Discuss Participant Data Management?

Let’s talk about how our data technology can ensure accuracy, save time and reduce risk.

First Name
Last Name
Email
Company

Check Out Our 2019 Statistics*

 

Payroll Files

66% of payroll files loaded through PDM had at least one error or warning.

Error Warnings

Total of 5.4 million errors or warnings.

Data Discrepancies

We caught 56,000 data discrepancies, which kept money from going into plans by mistake.

(Errors related to ineligible employees and excess loan payments, for example)

Help Clients Keep Bad Data Out of Their Plans. Learn More About Our Technology Solution.

 

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3 Major Benefits

 

Higher Plan Accuracy

Higher plan accuracy

  • Clean data makes it easier to track eligibility and vesting. For every payroll, we run almost 100 validations. For example, we check employee eligibility, compensation amounts and that contributions don’t exceed limits.
  • We check the data of every employee, whether they’re enrolled or not.
  • We make sure errors don’t travel from a payroll system to a recordkeeping system.
Time Saving

Time-saving help

  • Our solution integrates with an employer’s payroll provider, which reduces manual workloads.
  • Employers, advisors and TPAs have easy, anytime access to census and contribution data.
  • HR staff can spend less time on payroll submissions, census work, compliance testing — and retesting — and year-end reporting.
  • We include a team of dedicated data specialists to help set up the process.
Delegate Risk

Less risk

  • We ensure the accuracy of employee information, which prevents errors that take time and money to fix.
  • Clean data results in fewer discrepancies and lowers an employer’s exposure to fiduciary risk.
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Included in All Plans

Participant Data Management keeps a plan running smoothly.