se2 (service.end2end), a provider of business technology and processing solutions for the financial services and retirement planning sector, has updated its automated 403(b) info-sharing solution.
According to a press release, new features of 403(b)connect include:
- PostAudit management to ensure 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 third-party administrators (TPAs) to plans, participants, and transactions—with searching, sorting, and filtering on all fields;
- new report formats from new SPARK Best Practices versions, TPA-specific formats, and/or TPA/SPARK combinations.
se2 first introduced its 403(b)connect solution last July (see “New Products Helps 403(b) Vendors Connect”).
While the increased administration resulting from new 403(b) rules has led many to pare down or consider paring down the number of vendors offering in their plans, Brent Littleton, vice president and chief technology officer for se2, said a multi-vendor environment can be sustained with the right technology (see “403b Summit: Vendor Selection: A New Opportunity?”).
More information is available at www.se2.com.