Products July 18, 2007

Database Offers Advisers Business Identification Numbers

FreeERISA.com is now offering a database of U.S. business identification numbers that are assigned by the Internal Revenue Services (IRS) to almost all businesses operating in the U.S.
Reported by

According to a press release, the nine-digit U.S. Employee Identification Numbers (EINs) must be included on many filings required by the government and provide clear company identification in commercial transactions.

The license for using the database varies, allowing access to clients such as Fortune 500 companies to use it for large projects or to a smaller company who needs just a few searches.

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FreeERISA.com http://www.freeerisa.com/Default.asp, a Web site that provides access to public retirement and welfare benefit information gathered from the data entered on Form 5500 forms.

For more information visit http://www.einfinder.com/

Products July 18, 2007

New Tool Gives Advisers Direct Link to Plan Participants

Trust Builders, Inc. has launched a new software tool that gives advisers the ability to provide ongoing customized updates to plan participants.
Reported by

With the new TRAK Batch Gap Analysis Illustration tool, advisers are able to show participants the gap in their savings for retirement (if any) and the change in their contributions required to bridge the gap and achieve a financially secure retirement, according to a press release. The adviser can import all participants’ information into the software’s database in one simple batch transaction.

The gap analysis report can be distributed to plan participants via hard copy or e-mail, or the participant can securely access their report on the plan sponsor’s Intranet site.

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Trust Builders pointed out in the press release that the tool can aid advisers in building future individual retirement account rollover business. Third party administrators (TPAs) and investment fiduciaries may also use the TRAK tool.

An example of a Batch Gap Analysis Illustration report for a fictional 401(k) plan participant may be viewed by clicking http://www.retireneeds.com/Reports/BatchGap_Sales_Sales_Sheet.pdf.

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