Products January 23, 2007

Software Lets Advisers Depict Full Value of Employee Compensation

Benefits advisers, consultants and third-party administrators (TPAs) are now able to produce branded total compensation statements easily and inexpensively for clients with the release of new software.
Reported by

The statements available through the new Agency Edition, a third-party, branded edition of TotalCompBuilder.com, a service operated by TotalRewards Software, Inc., depict the full value of an employee’s direct pay and benefits package.

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The on-demand web-based program is available 24 hours a day, seven days a week and is accessible from any location with an Internet connection. Users do not need to install any software and each project costs only $150, regardless of employee population size, the company said.

More information is available at www.agencyedition.com

Products January 23, 2007

Meridian Offers Investment Advice to 401(k) Participants

Meridian Business Group is offering advice to 401(k) plan participants who are unsure how to allocate funds, balance their investments, or investigate investment options through its Retirement Asset Management Plan (RAMPlan).
Reported by

After a participant completes an investment profile sheet, Meridian will determine the individual’s risk tolerance and personal financial goals, and provide an overall investment summary, according to a press release from the company.

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The firm said it will then research all the funds available to that particular investor under his or her current 401(k) plan, monitor the funds daily, and provide updated information and advice based on the investor’s goals, 401(k) performance, and market conditions.

In addition, every three months or as often as needed, Meridian will send clients an updated recommended allocation based on ongoing research, market conditions and any changes in situation about which a client has notified them.

For more information about the RAMPlan visit http://www.meridgroup.com/retirement/ramp/.

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