Products November 10, 2010

PlanServe Releases Smartphone Application

PlanServe Data Systems released a Smartphone application, Relevant Pension Partner, for retirement plan administrators.
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The company said Relevant Pension Partner provides the secure messaging features for administrators to communicate with participants.  Participants can directly receive updates on their accounts without having their information exposed in emails or having to perform Web site log-ons.    

With the application, participants can instantly see payroll deposit confirmations, account value changes, transaction confirmations, investment allocation suggestions, and contribution increase opportunities.  

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The Relevant Pension’s XML-based business services can communicate directly with backend systems. The integration with the Relevant FileXchange alert system or client’s internal alert server is a key competitive advantage to deliver more relevant information to retirement participants. 

“Our initial deployment is for SunGard’s OmniPlus and Relius users, but the application is portable to other recordkeeping systems with an open API” said Trent Richardson, CIO of Planserve, in a press release.  

A trial version is available for download free.PlanServe will also provide branded applications with custom features.  The participant will download the iPhone application from Apple’s iTunes store. 
Products November 10, 2010

Schwab Unveils International Collective Trust

Charles Schwab Bank, a trust and custody service provider to 401(k) and other retirement plans, has added the Schwab Institutional Diversified International Trust Fund to its suite of collective trust funds.
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The Schwab Institutional Diversified International Trust Fund is a collective trust fund designed to provide qualified retirement plan sponsors and participants with an international investment vehicle that gives them broad international diversification through a single fund investment. The fund invests primarily in common stocks within the International Large Cap, Small Cap, and Emerging Market asset classes.

The Schwab Institutional Diversified International Trust Fund is offered in two unit classes, providing pricing flexibility to plan sponsors. The fund is offered without minimum balance requirements and with the following all-in operating expense ratios: Institutional Unit Class (0.79%) and Retirement Unit Class (1.04%).

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The fund, designed for plan sponsors and participants, is available through Charles Schwab Trust Company, a division of Charles Schwab Bank. The fund is also available to retirement plan clients through the National Securities Clearing Corporation (NSCC).

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