XTRAC for TPAs & Retirement Plan Record-Keepers

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WORK SMARTER. WORK FASTER.
BE MORE PRODUCTIVE.

Third Party Administrators (TPAs) and Retirement Plan Record-Keepers are challenged to keep pace with regulatory changes, manage paperwork and increase service capacity. Your firm may be grappling with numerous administrative tasks that are holding you back from understanding your true cost to serve and efficiently managing growth. The fact is, many TPAs and Record-Keepers still use outdated methods to process work, which results in unnecessary inefficiencies, costs and risks. XTRAC® can help.

XTRAC® workflow and document management applications provide an easy, affordable way for TPAs and Record-Keepers to automate, track and control how work gets done across their organization. With XTRAC, record-keeping and retirement plan processes are streamlined, standardized and compliance-facilitated, and you have better visibility over end-to-end operations. Your firm is able to do much more, and do it better, allowing you to service larger plans and attract new plan sponsor relationships.

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WORKFLOW PACKS FOR TPAs AND RECORD-KEEPERS

Built and used by Fidelity Investments, one of the largest retirement plan providers, XTRAC understands the unique needs of TPAs and Record-Keepers and provides a comprehensive range of ready-to-use process solutions specifically designed for your business.

CLIENT SERVICING

  • Participant Account Maintenance
  • Plan Maintenance
  • Death Notification
  • Non-Qualified Elections

TRANSACTIONS

  • Participant Enrollment
  • Contributions
  • Distributions including MRD
  • Loans

RISK & COMPLIANCE

  • Quality Review
  • Non-discrimination Testing
  • 5500 Reports
  • Audit Support & Inquiries

 

* Source: Pension & Investments annual survey of largest Record-Keepers, March 2014. Asset and growth references as of September 30, 2013.