RK Access TPA Service Platform

Transcription

1 RK Access TPA Service Platform Innovative Technology Innovative Solutions Looking to Reduce Costs While Retaining Control? Is for you.

2 Imagine the possibilities as you satisfy clients retirement plan needs while leveraging a 1st-class recordkeeping platform. ASPire Financial Services is proud to offer our signature ASPire Recordkeeping and Communication platform, RK Access. RK Access is the answer to the complex challenges in the retirement plan business. Overview RK Access is a powerful data management and communication solution for Third Party Administrators (TPAs) in the 401(k), 403(b), 457 and IRA markets. RK Access is a recordkeeping solution for you that s it. We don t compete with you because, unlike other service providers, we don t even offer administrative services. And we don t restrict you from providing the investment options you think are appropriate, or try to keep you from working with the advisors of your choice. In fact, RK Access is designed to free you from restrictions, so you can run your business the way you see fit. As economical as it is powerful, RK Access allows TPAs to keep internal staffing to a minimum while ASPire takes care of maintaining IT infrastructure, updating software, managing a call center, handling trades, issuing statements and keeping required disclosures up-to-date. TPAs are in control when it comes to RK Access, from inputting the data you require, to pulling reports on demand, to fulfilling education and disclosure requirements, to billing it s all in one seamless application. No one comes between you and your client and the promises you make to them. Design the parameters of your offerings Present your own brand identity Control with flexible pricing and billing Offer the investments of your choosing Retain the client relationship Reduce cost by outsourced services When it comes to operating retirement plans, there s business as usual and then there s ASPire

3 Benefits Give Your Clients What They Want RK Access lets you give your clients the plan types and design best suited for their particular situation. Offer your clients the array of choices that RK Access provides, instead of putting up with an inflexible system that takes a one-size-fits-all approach. Lower Costs RK Access handles so much that you can reduce internal staffing needs. You can also avoid fees associated with purchasing, licensing, installing and upgrading hardware and software. And, by all means, let ASPire take care of the IT infrastructure requirements and data security. Reduce Risk Work with a recordkeeper that has demonstrated adherence to the industry s best practices. ASPire has received the prestigious CeFex Certification for Recordkeepers. And each year since 2002 ASPire has received a Type II SAS70 audit. In addition, RK Access offers Chec(k)Point protocols, the workflow system designed to track plan operations for audit purposes. Focus on What You Do Best ASPire takes care of the fundamentals so that TPAs can focus on sales and revenue growth. For example, ASPire relieves TPAs of the burden of trade processing and settlement, including trade reconciliation revenue share recapture with your chosen custodian. Enjoy the Freedom of Open Architecture Plus Our Open Architecture Plus platform sets ASPire apart from the competition, offering you the freedom to create investment offerings for your clients. Make choices where they count: trusted custodians with competitive pricing, and tens of thousands of brand name investments offered without conflict of interest, including mutual funds, ETFs, Collective Investment Funds and Stable Value funds. ASPire was built to help TPAs, not to compete with them. When you use RK Access, you ll know that your client base will remain just that your client base. Customize the Look You ve worked hard to establish your presence in the marketplace, and there s no need to give that up now. With RK Access you can leave ASPire in the background and fully customize the recordkeeping system your clients see by including your company logo, color scheme and contact information, including your website. Be a Leader in Full Fee Disclosure It s all the buzz in the industry now, as the DOL has finalized the new disclosure requirements. RK Access puts you out in front of your competition and protects you with ASPire s Definitive Disclosure feature.

4 RK Access is a powerful data management and communication solution for Third Party Administrators (TPAs). As economical as it is powerful, RK Access allows TPAs to keep internal staffing to a minimum while letting ASPire take care of IT infrastructure and software updates. RK Access Online Gateways are highly automated and comprehensive, yet intuitive to use. Functions and capabilities are divided among five online Gateways designed to support your practice, partners and clients. Supporting your Practice TPAs are in control when it comes to RK Access, from inputting the data you require to pulling reports on demand to fulfilling education and disclosure requirements all in one seamless application. No one comes between you and your client and the promises you make to them. With RK Access, TPAs have complete online access to plan management functions, including the ability to: )) View a list of your plans in the system )) Establish and modify plan provisions )) Monitor plan and participant data activity )) Automate contribution, loan and distribution processes )) Set fee structures and investment programs. And RK Access helps you protect your most valuable asset your reputation. Your clients depend on your expertise and, when it comes to audits, reporting and disclosure requirements, RK Access provides the tools you need to assure your clients that you are taking care of their plan needs. Chec(k)Point Governance and oversight are woven into our recordkeeping technology with Chec(k)Point. This workflow system of protocols allows you to create administrative tasks, assign them due dates by user, attach documents and notes and automatically send out notifications upon completion. RK Access applies a Chec(k)Point protocol template to each plan, each year, and archives all plan year activities so you are always audit-ready. Reports/Exports Access to plan data is vital for performing compliance and administration duties. With RK Access you can choose from over 20 pre-defined reports, created instantly and available in multiple formats (PDF, Excel, Text, TIFF and HTML) for printing or archiving. And with the custom export feature, you can move the data to your system to create specialized reports. Definitive Disclosure More than just meeting the regulatory requirements, the Definitive Disclosure program is a holistic approach that facilitates fee disclosure reporting for all covered service providers associated with a Plan. Features include stored covered service providers services and billing records, online invoicing and approvals, and detailed revenue share reporting. Definitive Disclosure sets the standard for fee transparency and reporting

5 Supporting your Partners It s no secret that TPAs and Advisors depend on each other to provide the best service to their mutual clients. RK Access provides opportunities to TPAs to leverage the strengths of their Advisors by offering the ability to co-brand offerings and customize products. In addition, TPAs can offer Advisors access to the Open Architecture Plus world of ASPire, with a fee-transparent investment platform that allows them to select investments of their choosing, with the ability to design and manage asset allocation models or access professional investment strategists for fiduciary protection. Finally, ASPire s investment platform provides advisors with key advantages to help facilitate long-term, mutually beneficial plan sponsor and participant relationships. The Advisor Gateway provides online access to the plans they have, including the ability to: )) Review positions and activity )) Design and manage asset allocation models with custom investor profile questionnaire )) View total plan data and participant-specific data )) View and print reports including participant and plan statements, investment allocations, deferral rates and amounts, and census demographics )) Use the Message Center to post bulletins and communicate with sponsors and plan participants Professional Informative Meaningful From comprehensive Plan Review Reports to customized Enrollment Guides, with ASPire RK Access you can provide reports and presentations that exceed expectations for advisors and their retirement plan clients.

6 Investment Policy Monitoring Report for: BY INVESTMENT ADVISORY COMMITEE Retire Trac Plan Diagnostics Report for: BY TPA ALLIANCE PARTNER 2010 ERISA Compliance Report for: BY TPA ALLIANCE PARTNER Supporting your Clients Once an employer has decided to establish a plan, or move their plan to you as their TPA, the Plan Sponsor and Participant Gateways built into our online platform allow participants and sponsors to access the plan at different levels, creating a central hub of communication, education and transparency. Your clients can take advantage of the comprehensive online functions that permits total management of the plan or their individual accounts. It s more than just recordkeeping. COMMUNICATION & EDUCATION INVESTMENT POLICY MONITORING REPORT SAMPLE COMPANY NAME 401(k) PLAN APPROVED ON 05/24/ ANNUAL ERISA COMPLIANCE REPORT SAMPLE COMPANY NAME 401(k) PLAN APPROVED ON 05/24/2010 (k)nowledge ASPire s comprehensive communications and education program is comprised of both printed and online materials including enrollment guides, quarterly mailed statements, elearning Courses, tutorials, planning tools, calculators and a FAQs + Glossary section, for both plan sponsors and participants. Advice & Guidance Ensure that plan participants receive retirement planning guidance and investment advice through ASPire s Advice & Guidance programs. These add-on modules provide benefit analysis coupled with either investment advice or a managed account option. Provide your plans with measurement metrics that assess the on-going outcome-based benefits projected for their individual participants. RETIRE TRAC DIAGNOSTICS REPORT SAMPLE COMPANY NAME 401(k) PLAN APPROVED ON 05/24/2010 PARTICIPANT EDUCATION GUIDE aspire Plan Library & Message System Important plan documents, notices and operational forms can be archived in the Library section for each of your Plans. Access to documents can be segmented by sponsor and/or participant viewing privileges. The message system s versatility serves key functions with its ability to send bulletin messages to the sponsors and ALL participants to keep them up-to-date with plan notices, or a message to a SINGLE participant regarding operational requests. The message system also includes system activity notifications which signal when a participant changes his or her deferral rate, requests a loan or distribution, or uses the Help Desk within their account. Reports & Statements Your Plan Sponsors will enjoy access to over 20 online reports to help them meet their fiduciary responsibilities. Your Participants can easily generate an online account statement with variable date ranges on demand. In addition, each quarter ASPire mails an informative, compliant and professionally designed statement to each Participant s address on record

7 At ASPire, we serve as an objective resource, connecting clients with opportunities and people who can help manage them without conflicts of interest or hidden fees. If you re ready to grow your business while reducing costs, continuing to work with your trusted partners without restrictions, and retaining your valued clients with 1st-class recordkeeping services, you re ready for RK Access! Let us provide the information you need to move forward, including an online demonstration so you can see how it all works. Just contact us SERVICE TECHNOLOGY EXPERIENCE

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