What's New in Version 17.0

Transcription

1 What's New in Version 17.0 Introduction SunGard's Relius Administration 17.0 upgrade is cumulative from version 16.0 and incorporates all service packs released through version 16.1 sp2. Before performing the 17.0 upgrade, please review the Relius Administration hardware requirements and read the Relius Administration 17.0 upgrade documents. These documents can be found on our Web site at From there, choose Administration, and then Technology. Information about pending issues for the 17.0 release (or the release that you are currently using) is available on our support site at See the "Pending Issues" topic posted there for latest news on the release. General System Updates Messages and Alerts from Relius At 17.0, important messages and alerts can now be communicated from SunGard Relius directly to each Relius user via a 'Relius Notifications' icon appearing on the status bar of the main menu. Options include viewing Current or All Notifications. Once a message is viewed, it can be marked as read by each user, which will remove it from the Current Notification listing. Defined Contribution Plans Fee Disclosure Relius Administration has been enhanced to accommodate the many changes necessary to provide Quarterly Fee disclosures, Annual General/Fee disclosures and Investment disclosures. A quick start guide has been provided and can be found in Help>Help Topics>Quick Start Guides and also on our web site in the FAQs under Setup and Reference Material, Version Plan Specifications Redesign Plan Specifications (for DC plans only) has been completely redesigned at A quick start guide is available to help navigate through the changes from pre-17.0 to 17.0 and forward. Note that version 17.0 utilizes a tree selection format and all items available within Plan Specifications can be found under one of the nodes displayed on the left side of the screen. In addition, Plan Loan Specifications is now part of Plan Specifications and will no longer be available via Data Entry > Participant Loans. RMD Enhancements The 70 ½ distribution calculation process has been expanded to allow the user to print a Quick Report that will provide only the data for the selected participants as viewed in the grid. To view the new report, select the Quick Report from the drop down menu under the grid. Also, to help you distribute the global report to the appropriate plan administrator, an Admin Name column has been added to the report grid. 1

2 Create New Plan Year Option: Ignore All Terminees A new 'Ignore all Terminated EEs' option has been added to the File/New Plan Year utility. If selected, no terminees will be brought forward into the new year, regardless of account balance. Plan Year Greater than 12 Months Some plan documents are written so that the plan year begin date falls on a certain day of a month, (i.e., the first Friday of May) which can result in the plan year exceeding 365 days. Various restrictions that prevented the operation of such a plan within Relius Administration have been removed. Ascensus Allocated Link Processing > Financial Institution Interface > Allocated Links > Import Ascensus has been added as an allocated link option. For more information, please refer to the Ascensus Quick Start Guide. Guardian Allocated Link Processing > Financial Institution Interface > Allocated Links > Import The Guardian has been added as an allocated link option so that data files may now be imported into Relius Administration. The import supports the ability to import by the investment and source or source only file. For more information, please refer to The Guardian Quick Start Guide. New 'Use Business Day' Option for Late Payroll/Deposits The Late Payroll/Deposits logic has been expanded to include the option to use business days only when counting the number of days before sending the late notification. One Sided Transfer Transaction Enhancement The Transfer In transaction has been enhanced to now use the allocation set within the model for the allocation of the transfer in amount. Previously the transaction used the current account balance for a prorata split of the transfer amount. ESOP Forfeitures Data Entry>Plan Specifications>Forfeitures A new feature allows you to designate the order of investments that will be liquidated during the posting of a Contribution/Forfeiture transaction. This functionality will only be available if the plan utilizes the dollar vesting method and retains forfeitures in the forfeiture suspense account. Plan Specs/Investment Products The option to remove a model in Plan Specs>Investment Product Summary (formerly Plan Specs>Account Definitions>Investment Products) has been restored. You can now remove a model from plan specs, providing that there is no account balance or allocation set tied to it, and that it has not already been chosen as a default investment, forfeiture investment, distribution investment, or loan investment. 2

3 Scheduled Model Rebalance Model realignments may now be scheduled via the Advisor Web, within Relius Administration, or via STP (straight through processing). Only those Relius Administration users and Advisors with security access rights may utilize this functionality. Forfeiture Suspense Adjustment Enhancement The forfeiture suspense adjustment transaction has been enhanced to allow you to choose all sources instead of limiting you to a specific one. If you post to all sources, the money will be allocated pro-rata across the suspense sources for the fund chosen. Loan Modeling Enhancement A discrepancy between the loan payment information that appeared when a new loan was added vs. modeled has been corrected. Previously, the modeling feature was not using some of the options chosen in loan specifications regarding payment timing. Defined Benefit Plans DB Assets/Prefunding balances The program has been modified to organize the balances to mimic the Schedule SB. Excess contribution no longer automatically applied to prefunding excess. Funding deficiencies now shown for all years. Valuation Now permits negative contribution for cash balance plans. Reports New Report Writer Reports: Annual/Quarterly Fee Disclosures Reporting>Report Writer Reports A new 'Participant Disclosures' branch has been added to the Report Writer Reports menu, containing reports for Quarterly Fee disclosures, Annual General/Fee disclosures, and Investment disclosures. In addition, in Plan Specs/Processing/Reporting, Annual and Assessed Fee Disclosures may be set as defaults, and a new option is available to 'Compute and Append assessed fees to participant certificates'. Please refer to the quick start guide for more information. New Option: Store Plan Specific Customer Logos for Reporting Plan Specs/Processing/Reports An option has been added to Plan Specs that allows you to upload and save plan specific logos for graphic file types (.jpg,.gif,.bmp). Once this is done, you can modify your reports to link GBLLOBDATA.LobID = PLANSTAT.LogoLobID and drop in the GBLLOBDATA.BlobData field. This allows you to present your reports with customer specific graphics, without having to maintain a separate report for each client. 3

4 Small/Negative Balance Report Reporting>Query>Fund Balances The Negative/Small Balance Report has been moved from Standard Reports to Reporting>Query>Fund Balances/Accruals/Participant Counts>Balances by Employee and renamed EEs with Small/Negative Balances. New Query Option: Prior Quarter End Date Reporting>Query>Fund Balances A new option, 'Prior quarter end date', has been added to the choices available in the 'As of date' drop down list on the Query screen. This option is also available for Queries run via STP. Participant Web/Plan Sponsor Web/VRU Participant Web Mobile Relius Participant Web is now available to participants on their mobile device. Access is provided via the mobile device browser and will allow participants to access their account with regard to the following functions: Request a forgotten UserID and/or password. View Benefit Summary Information participants in more than one plan will see a summary page which lists summarized information by plan. View Plan Summary Information Selection of a specific plan will display total account balance, vested balance, status and service as well as an overview of their plan contributions and recent transactions. View Plan Balances Detailed listing of account balance by source and investment. View Transactions Ability to view transactions using a 30, 60, 90 day filter. Relius mobile supports look and feel customization via a mobile Cascading Style Sheet (CSS) as well as the ability to manage logo display and field labeling via mobile custom text elements. Please see the on-line version of What s New at 17.0 for a link to view the Relius Participant mobile Web screens. Termination Distributions The participant termination process has been enhanced to offer the participant guidance via the use of a wizard for requesting termination and recurring distributions. In addition the online process now offers the following: Distribution eligibility definitions based on VRU/Setup criteria. Enhanced forms of benefit. Tax withholding elections. Additional reporting capabilities. Please see the on-line version of What s New at 17.0 for a link to view more information on this topic. Intuit Web Connect (Quicken Download) Relius Participant Web now provides the ability for participants to download retirement plan account activity from the Relius Participant Web into Quicken via Intuit Web Connect. Once licensed, the Intuit Web Connect can be found under Web Setup>Transaction history. 4

5 Participant Summary Inception to date contribution amount can now be enabled to display as an additional column within the Balance by Source section of the Participant Summary page. Additionally, a setup option has been added to the Account Balance section of VRU/Web setup to control the display of the vested balance column for the Loan investment. Participant & Plan Sponsor Web Trade Date/Effective Date Balances VRU/Web setup now contains an option to designate the account balance basis. By plan, you can specify if the balance basis to display on the Web is effective date or trade date. Plan Sponsor Web Data Validation Center (DVC) A new Don t Import DVC Severity option has been added to exclude payroll record(s) with errors from the payroll import. Termination Distribution Approval The Sponsor Approval process has been enhanced to display additional information regarding the participant transaction details request as well as the ability to view associated documentation related to the termination request. Advisor Web Scheduled Model Realignment Advisors can now establish realignment schedules for their models online. The advisor has the ability to specify the realignment frequency as well as the date to begin scheduled realignments. The scheduled realignment requests entered by the Advisor can then be processed via the Recurring Rebalance Transaction utility as well as via STP (straight through processing). The ability to schedule realignments online is managed via the Advisors Web Security Profile. Plan Sponsor/Advisor Web Reporting All reporting screens have been modified to mask the SSN during online entry. EE Search The EE Search page can now be configured to specify the default sort value for page load. The configuration option is managed via the Web Options utility and offers the following default sort options: SSN, Name, Division, Category and Ending Balance. In addition the following Custom Text elements under Sponsor Select Employee have been enhanced to remove the column from displaying on the page when the custom text for the column label is removed: Column Label Employer Division Category Custom Text Element COLER COLDIV (will also remove the division filter from the page) COLCAT (will also remove the category filter from the page) 5

6 Relius Connect Relius Connect (Administration) Relius Connect is a licensed Web Service that facilitates the retrieval and/or update of data within Relius Administration. Relius Connect provides access to various Web services that can be utilized to automate the flow of data between Relius and existing and/or new external applications. Below is a list of methods available in Relius Connect: Get Participant List - Retrieve a list of all or specific participants using attributes such as Plan Group Id, Phone Number, State, Division, Address. Get Plan List - Basic information about one or all of your plans. Create an STP job - Pass in an XML file that Relius can accept through STP for purposes of creating a transaction such as participant allocation updates. Get Transaction Status - Request the status of a transaction that was created through STP. Get Allocation Change status - Request the status of an allocation change that was made through STP. Get Plan Payment Data -Request payment data for a specific plan or person. Get Payment History - Returns payment details for a participant. Get Transaction History - Returns transaction listings. Get Transaction History Details - Returns detailed transaction information. Get Web Participant Data - Returns participant level information that is calculated for the web. Get Web Plan Data - Returns plan level information that is calculated for the web. Get Table Data - Returns data stored in a specified table based on passed-in criteria. Section 125/Cafeteria Participant Web Mobile Relius Participant Web is now available to Cafeteria plan participants on their mobile device. Access is provided via the mobile device browser and will allow participants to access their account with regard to the following functions: Request a forgotten UserID and/or password. View Benefit Summary Information participants in more than one plan will see a summary page which lists summarized information by plan. View Plan Summary Information selection of a specific plan will display Personal Information, Benefit Information and Recent Claims. View Benefits participants will see the available balance and pending claims for each benefit available in the plan. View Recent Claims will list the five most recent claims, the expense date, the claim status and the claim amount. View Claim History participants can see additional details on current year claims, such as the benefit and the claim source (ex. paper claim v. electronic claim). Relius mobile supports look and feel customization via a mobile Cascading Style Sheet (CSS) as well as the ability to manage logo display and field labeling via mobile custom text elements. Please see the on-line version of What s New at 17.0 for a link to view the Relius Participant mobile Web screens. 6

7 Straight Through Processing (STP) Scheduled Model Rebalance Model realignments may be scheduled via the Advisor Web, within Relius Administration, or via STP (straight through processing). Only those Relius Administration users and Advisors with security access rights may utilize this functionality. Quarter End date Query option A new option, 'Prior quarter end date', is now available as a choice in the 'As of date' drop down list on the Query screen. This option is also available for Queries run via STP. Technology Oracle Database Server Migration End-users were notified by correspondence earlier this year that the Relius Administration 17.0 release required that all multi-user (network) clients migrate their dedicated Relius Administration database server to Windows 2008 (64bit) and Oracle 11g prior to upgrading to version Due to the release cycle of 17.0 and the limited time-frame for some clients, this migration has been postponed and will not be required until Relius Administration However, we do recommend that you migrate your database server to this new platform sooner rather than later to take advantage of the server hardware performance improvement this provides and the patches included with this Oracle upgrade. Microsoft.NET 4.0 Relius Administration 17.0 requires Microsoft.NET 4.0 be installed (if not already) before running the Relius Administration 17.0 installation. You may elect to download this.net version and install it manually, use Windows Update and select this installation to be included, or copy it from the folder on your 16.0 Component DVD and run it manually. Windows 7 Data Administrator Changes Under version 16.x, when using Data Administrator to export/import plans on Windows Vista and Windows 7, users were required to launch Relius Administration 17.0 as a system administrator due to database connectivity and Windows User Access Controls. With version 17.0, users are no longer required to launch Relius Administration as a system administrator although you will be prompted to enter system administrator credentials when selecting Data Administrator from the Relius Administration main menu. Crystal Reports Relius Administration 17.0 includes a Crystal Reports hot-fix to address Crystal Report issues. SCHEDULING PRIORITY SUPPORT: Please contact Relius Technology Support in advance to schedule on-site, evening, weekend, or priority technology support for this upgrade. 7