Deals & People October 17, 2012

CPI Names Cavalier B/D Relationships Director

Bill Cavalier was promoted to director of broker/dealer relationships at CPI Qualified Plan Consultants Inc.
Reported by

Cavalier has been with CPI since 1989, starting with CPI’s then-fledgling flexible benefit department. In 1990, he was promoted to regional manager for the firm’s southwestern territory. During his tenure on the sales team, Cavalier was responsible for opening regional sales offices in Arizona, Texas, Oklahoma and Ohio. He has published numerous articles on flexible benefit administration topics and has taught marketing and sales management classes for the Barton Community College business program.

“Bill’s experience working with financial advisers and their retirement plan clients has given him a valuable understanding of the roles of the broker/dealer and financial adviser in the retirement plan industry,” said Jon Prescott, president of CPI. “He will continue to be a strong voice for new services, new products, and helping retirement plan advisors grow their assets under management.”

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CPI Qualified Plan Consultants Inc., with headquarters in Great Bend, Kansas, provides recordkeeping and administration services for qualified and non-qualified defined contribution retirement plans.

Products October 17, 2012

SunGard Expands Managed Services Offerings

SunGard is expanding its managed services capabilities to help retirement plan administrators and recordkeepers reduce costs, comply with new regulations and focus on service differentiation.
 
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SunGard provides IT outsourcing and hosted solutions to administer more than 63,000 retirement plans for more than 9.2 million recordkeeping participants, as well as document management services for more than 10,000 active plans and restatement management services. With its expanded offerings, SunGard provides the following: 

  • Participant processing for contributions, disbursements and loans; 
  • Remittance processing for contributions and loan repayments; 
  • Compliance test offerings, including 5500 preparation and plan design comparisons; and  
  • Plan set-up and implementation. 

Mike Rogalski, president of SunGard’s wealth and retirement administration business, said, “Retirement administrators are seeking outsourcing options that will help them improve efficiency of operations, reduce costs and alleviate the pressure on internal IT departments. SunGard’s retirement managed services offer a full range of functions that support essential tasks, helping our customers focus on serving their clients.”  

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More information is at www.sungard.com.

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