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News for Retirees

Advantages and retirement product roundup: Alight, BPAS, Centivo, Even, Guided Selection

Share this…FacebookPinterestTwitterLinkedin (Picture: Shutterstock) What do staff need? That’s one of many underlying questions in lots of of the webinars I’ve attended…

By Staff , in Retirement Accounts , at November 11, 2021

(Picture: Shutterstock)

What do staff need? That’s one of many underlying questions in lots of of the webinars I’ve attended this 12 months. That seek for solutions, for employers in addition to the advantages and retirement trade, is partly what propels product improvement. Listed here are some current bulletins.

OneAmerica introduced OneConnectSM, a retirement plan for companies looking for to achieve the dimensions that comes with a pooled or multiple-employer method. OneAmerica offers 3(16) administrative fiduciary providers together with plan interpretation, eligibility willpower, vesting calculations, and extra.

Lincoln Monetary Group introduced the launch of a pooled employer plan, OpenPEP, in collaboration with NPPG Plan Professionals, an affiliate of Nationwide Skilled Planning Group and Morningstar Funding Administration, a subsidiary of Morningstar, Inc. Employers can personalize their plan with personalized plan design choices and certified default funding alternate options (QDIAs).

Well being-E Commerce launched a brand new deadline alerts characteristic to its By signing up for deadline alerts, account holders will probably be notified of particular promotions and new arrivals and obtain a sequence of deadline alerts delivered by way of electronic mail that may depend all the way down to their particular person deadline.

Guided Selection, a digital retirement advisor, launched its private monetary recommendation app, 3Nickels. The app, which gives monetary advisory instruments to assist people and households work towards monetary independence throughout all facets of non-public finance, is now out there for obtain.

Inexperienced Circle Life, supplier of the communication and engagement platform SmartFHR, launched the Covid Passport. The Covid Passport is accessible to workers by way of an app and the online.They will file their vaccination standing and retailer their vaccination card.  The app additionally permits the choice for workers to handle their vaccination exemption and take a every day Covid threat evaluation questionnaire.

Goldman Sachs Asset Administration and Ascensus introduced the launch of Goldman Sachs Office Retirement Resolution, which offers an built-in 401(ok) or ERISA 403(b) retirement program aiming to assist the wants of small and mid-sized companies.The answer permits companies and retirement plan advisors entry to a digital advisory service, a digital monetary wellness answer, an open-architecture recordkeeping platform, recordkeeping pricing with versatile service fashions.

Even, a monetary advantages platform, introduced it has added real-time funds (RTP) from J.P. Morgan to its platform. Members can entry wages by digital immediate disbursement choices which embody Push to Card and now RTP.

Centivo, a well being plan for self-funded employers, launched its built-in digital superior main care (VPC) providing. Centivo VPC permits members to recurrently see the identical main care doctor in a digital setting. It’s at present provided to shopper employers and their workers in Florida, with growth into different Centivo markets  by the primary half of 2022.

BPAS, a supplier of retirement plans, profit plans, fund administration, and collective funding trusts, has launched a fraud prevention instrument. With BPAStify, a participant requesting sure help by the Participant Service Middle or different means might require further scrutiny utilizing a reside video id verification course of. When full, the recording will probably be shared with the shopper’s HR workforce, who will confirm that the caller is really the worker in query and supply approval to BPAS.

Alight introduced Alight Confirm, a COVID vaccine certification instrument. Workers enter their vaccine information and add vaccination playing cards to the Alight platform.  Employers get real-time analytics and also can apply credit and surcharges into the enrollment cycle, wellbeing packages or by payroll.

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