FIS Retirement Solutions

Size: px

Start display at page:

Download "FIS Retirement Solutions"

Tamsin Daniels
5 years ago
Views:

1 FIS Retirement Solutions Bringing together the best of Relius, Reliance Trust and WealthStation W. Scott Parry, EVP April 12, 2017

2 Empowering clients by turning experience into insights Across the wealth and retirement sector we bring greater efficiency, flexibility and scalability 1,000 Clients 75,000 Advisors 1.5M Trust Accounts 50M Retirement Plan Investors $7T Assets 2

3 FIS Retirement Solutions Bringing industry leading solutions together from Omni, Relius and Reliance Trust, FIS empowers small and large retirement plan providers with a comprehensive, integrated suite of retirement solutions 3

4 FIS Retirement Solutions FIS now brings every component a 401(k) provider needs to deliver services to plan sponsors including: Recordkeeping and plan administration technology Fiduciary and compliance solutions Collective investment trusts Custody and directed trustee services Financial planning, asset allocation and retirement readiness Back-office outsourcing solutions 4

5 Gain momentum as you build your business with scalable and flexibly deployed platforms Offerings Government Workflow Trading, forms, payments and DB documents and data DC validation & platforms payroll and education applications processingservices 5

6 Prepare and adapt to regulatory change Anticipate and respond to changing conditions Make informed decisions guided by our regulatory and legal experts Put the right processes in place to gain command over meeting requirements 6

7 Partner with a retirement solutions leader Partnering with some of the world s largest investment managers and RIAs to sponsor and offer a variety of collective fund solutions to the marketplace Providing comprehensive plan trustee, custody and accounting solutions to all types of plans Promoting retirement readiness with dynamic and interactive financial planning and advisor tools that automate the fiduciary process 7

8 Enhance the overall client experience 1 Enriching the client experience with online tools 3 Differentiated user experience 2 Reinforce your brand 4 Bring enterprise value 8

9 Solution Plan communication solutions A comprehensive suite of both participant and plan sponsor communication: Participant statements Plan Sponsor reports Enrollment kits Fee disclosures (404(a)-5) Fund fact sheets Web presentment of investment data 9

Solution Automated plan data collection solutions Create customizable year end data collection (YEDC) processes that consist of plan level questionnaires, instructions and notifications Prefill

10 Solution Automated plan data collection solutions Create customizable year end data collection (YEDC) processes that consist of plan level questionnaires, instructions and notifications Prefill questionnaires and census with data from Relius Administration Establish contact access to YEDC Publish YEDC for plan sponsor review Validate YEDC payroll against year-to-date payroll for discrepancies Update and review information completed as part of YEDC directly in Relius Administration 10

11 Solution Enhanced Relius Participant Portal 11

12 Services Reliance Trust Company Servicing retirement plans for 20+ years Services include: Plan trustee, custody and accounting solutions Collective trust fund trustee solutions All plan type serviced: 401(k), 403(b), 457, defined benefit, NQDC plans, etc. 50k+ plans serviced $167+ billion in retirement plan assets Reputation and client base/retention viewed as partner versus vendor Trust company first with technological innovation and support Retirement plan services - core competency growth focus One-stop shop Collective fund AUM on target for $20 billion by June

13 Solution WealthStation CorePlan Overview What is CorePlan? Advisor financial planning tool Principal component of WealthStation Next generation of Planning Series Mid-tier level Single issue or comprehensive analysis 13

Brandable updated reports Expanded Retirement solutions Optimize SS, Convert

14 Solution WealthStation CorePlan Key Features Goal-based investing Probability engine (main flow) New to Education and Accumulation Html 5 structure Brandable updated reports Expanded Retirement solutions Optimize SS, Convert assets to income Expanded Financial Statements Budget, Pro Forma: Cash flow, Assets 14

15 Solution WealthStation CorePlan 15

16 Solution WealthStation CorePlan 16

17 Solution Retirement outsourcing solutions Adapt quickly to changing market demands Accelerating growth with scalable and flexibility deployed platforms Achieve lower total cost of ownership 17

Solution Retirement readiness solutions Automate the fiduciary process Combine plan and platform data from multiple sources Include wizards that help create dynamic reports with

18 Solution Retirement readiness solutions Automate the fiduciary process Combine plan and platform data from multiple sources Include wizards that help create dynamic reports with real-time data Gathers participant account data from recordkeeping systems Calculates personal retirement income Illustrates monthly investment status Optimizes social security projections 18

19 W. Scott Parry

Relius Can Help With Year End Data Collection (YEDC) Warren Jennings, Director, Product Management April 12, 2017

Relius Can Help With Year End Data Collection (YEDC) Warren Jennings, Director, Product Management April 12, 2017 Year End Data Collection Process The gathering of information from Plan Sponsors for reconciling