Castle Rock says the AXIS platform has been built from the ground up exclusively for the retirement industry. The platform supports compliance efforts and provides services that allow plan advisers and provider representatives to more efficiently manage their books of business. AXIS also features a large database of retirement plan analytics and is updated at least on a monthly basis to provide a real-time and unbiased industry benchmark for advisers and their retirement plan sponsor clients.
Through the AXIS benchmarking module, Unified Trust Company is able to generate a real-time analysis of fees and plan provisions—enabling advisers to quickly aggregate information across thousands of plans to anonymously compare fee reasonableness against a comparable plan base. Unified Trust Company says its commitment to AXIS strengthens its efforts to create a full-disclosure fee policy.
Khash Sarrafi, CEO of Castle Rock Innovations, says the AXIS methodology can be tailored based on specific client needs. For Unified Trust Company, the solution was tailored to address the firm’s responsibilities as a named plan fiduciary for its clients.