Relevant Remitter
- 1. 401a plans 403b plans 457 plans 401k plansInsurance Premiums Common Remitter
- 2. PlanServe Data SystemsProvides E-Business Products for the Retirement and Financial Services MarketExperienced Management TeamManaged the development and support of large, complex recordkeeping systemsManaged day –to- day recordkeeping operations with thousands of plans and participantsDeveloped and supported e-business solutions for retirement services and other marketsLocated in Birmingham, AL
- 3. PlanServe Data SystemsAll PlanServe Products based on Common .NetRelevant RemitterA Browser-based Common Remittance Platform for Multi-Vendor Benefit PlansSupports 403(b), 457, Life Insurance and other deductionsRules defined based on contribution or premium typeFresh approach to meet the demands of the new regulations and B2B formats. Relevant File Exchange PortalB2B System to automate the collection of data and files from clients and to publish both data and print files. Advanced roles-based security model to support the different relationships
- 4. PlanServe Data SystemsRelevant Pension PortalA single portal to consolidate data from multiple data sources for your participants, plan sponsors and investment advisors.Relevant WebA platform for developing e-commerce products for different markets. Based on powerful CRM system and role based security model . Clients include banks, retail product suppliers, associations, etc.
- 5. Your Common Remitting? Can you manage all of your remittances on a single system?
- 6. Are you losing business because of system limitations? Are manual steps keeping your costs high and limiting your growth?Forward thinking providers are repeatedly turning to PlanServe as a trusted partner to upgrade their common remitter delivery platform to the next generation.
- 7. Relevant Remitter – Solution ComponentsEnabled with a customer relationship management (CRM) engineBased on employer for multiple plan type supportAllows unlimited local or global vendorsConnects participants with multiple relationships Steamlined with a file exchange portalCollects and imports employer and vendor filesTransforms files with BPM and ETL tools for straight through processingPublishes files to employers and vendors with full security Developed on a workflow engineMoney source based rules engine for scalability and flexibilityExpandable and flexible workspaces Quality assurance auditingHandles 401k, 403b, and 457 plansEmpowers providers to cost-effectively manage the multi-vendor payroll deduction requirements for the 403(b) and 457 plan market as well as other multi-vendor employer benefit programs.
- 8. Relevant Remitter – Solution ComponentsFocused on remittances for contributions and premiums Billing on paper and onlineRemittance on paper, online, and uploadAllocation or pass through Configured for transaction review and compliancePaperless processing and reviewOnline form completionElectronic form archival Controlled with reporting for management dashboard Allows seamless presentation to CSV, html, or PDFCompliance reports and real-time monitoring as transactions are inputUser configurable templates Enables quality with tailored screens and contentBrowser-based XML and XLSTReal time connection to vendor API with a communication adapterWhite labeled sites for employers and vendors
- 9. Relevant Remitter - Overview
- 10. Relevant Remitter – End to End EfficiencyRelevant Remitter will allow service providers using Relevant Remitter to improve service levels and deliver enhanced services at lower costs
- 11. Your Pension Portal?Are you setting up separate rules for back-office process and your web?
- 12. Are you able to change your content on your web daily without program recompiles?
- 13. Do you have full control over your key web delivery channel to your customers?
- 14. Does your budget not have room for massive IT upgrades with unnecessary middleware?
- 15. Are you overwhelmed with duplicate control files? What is Relevant Pension Portal?A web based service platform – designed to support
- 17. Plan Advisors
- 18. Plan Sponsors
- 20. New approach with ‘right’ technology.
- 21. New architecture for rich and relevant content.
- 22. New design focused on participant experience rather than old paper process or host system limitations.Relevant Pension Portal: Product BenefitsAvoid being locked into a proprietary web tightly coupled to a legacy hostAvoid complicated and bloated middlewareAvoid expensive consulting engagementsAllows Recordkeeper to control the web content and functionsLeverage existing rules for minimum rule duplicationLeverage data in place for minimum data duplicationUse of industry standard, proven technology with XSLT and XMLClean and clear separation of presentation from data for easy and quick screen changes and skinningUse of host based business servicesEasy integration with multiple data sourcesAvoids complicated multiple tier middleware
- 23. Relevant Pension Portal: Product BenefitsDesigned you web to fit your participant’s not the systemIntegrated into your overall web presenceUse industry standard technologyReduce to a minimum the number of possible points of failureReduce to a minimum the number of interactions with host for each business eventEasily integrate with other data sources Recordkeeping; Investment Advice; reporting databases; and other internal/external systemsBusiness team can manage contentMaintain content without program compilesPrivate label web presentationSetup alerts and messages at different levels
- 24. Relevant Pension Portal: ComponentsIntegrated with Relevant File Exchange System for controlling the exchange of files and data with clients, participants and other business relationshipsPublish full cycle confirms for complete integration (i.e., address changes, deduction changes, loan initiation)Allow selectable formats for downloadDistribute documents across plans by roleBusiness Process Management tool (ETL) to automate movement of data between systems. Works with Relevant File Exchange or other system to push straight through processing.
- 25. Relevant Pension Portal: TechnologyHighly flexible and scalable platformXML/XSLT for data access and transformationXML-based integration with OmniPlus™ via OmniConnect™, DDMS or Operational Data Store (SQL Database)Browser-based development environment for developing and testing OmniScript for XML data integration XSLT used for generating HTML, PDFs, comma delimited files (CSV) or XMLMicrosoft .Net framework to easily add new technology to platform on your schedule
- 26. Relevant Pension Portal: Unique DesignSeparates the data from presentation for lower maintenance and support costsChange content and graphics without program compiles. Source code provided to protect investmentNo proprietary code to impact product evolution Easy and quick deployment for updates
- 27. Relevant Pension Portal: Designed for ease of use
- 28. Relevant Pension Portal: New ApproachManaged by content management system (CMS)Driven by contact management structure (CRM)Host control file configuredMake daily updates to only selected portion without recompilesPhase in rollout to avoid riskSource code provided for greater controlUpdated proven technology without jumping to latest fad
- 29. Relevant Pension Portal: Participant WebCustomizable summary page withCurrent allocation graph & Balance historyContribution snapshot & Dynamic teasersAs of balance inquiry by investment, source, or asset classSearchable activity historyAs of pricing comparisonInvestment performance snapshot for past 90 daysLoan CenterLoan modeling with frequency and next payment datesCurrent amortization downloads with payment historyDynamic loan applications & Online loan requestsPayoff wizardContribution centerCurrent snapshot of last amounts, last dates, and year to date amountsGraphical display of contribution history & Online deduction transactionsInvestment centerPersonal action wizards to guide the user through processConfigurable transaction combinations & Scheduled transaction eventsManage pending activity & Prospectus receipt validation Personal profile with Display employer branding & Allow edit of selected personal detailsAlert centerCustomized global, plan, or participant alertsAllow acknowledgement & Linkable to calls to actionPortfolio details with Shows underlying securities in a portfolio & Branded documents and prospectuses
- 30. Relevant Pension Portal: Sponsor WebUsed by Call Center StaffEmployer AccessAdministrative AccessTake on the participant’s viewPayroll upload and validationSecure file exchangePublish full cycle confirms for complete integration (i.e., address changes, deduction changes, loan initiation)Allow selectable formats for downloadDistribute documents across plans by rolePlan browseParticipant searchMultiple occurrence support
- 31. Relevant Pension Portal: External SourcesNewKirk™ for performance history and prospectus informationGuidance Plus ™ for investment adviceStatement warehousing systemsQuicken downloadsExternal document librariesContact enginesUniversal multi-factor security enginesOthers….Here are the possible external integration points commonly used with the suite, but each site has unique needs. However, the framework allows connections to multiple data sources in an easy and structured approach without complicated tools.
- 32. Relevant Pension Portal: Architecture
- 33. Relevant Pension Portal: Typical Network
- 34. Relevant Pension Portal: Customization Simple Control File Structure for each OmniScript to support client customization. Add/Change Control Files and OmniScript to extend functionality
- 35. Relevant Pension Portal: Samplename=Contributionsactivity=01name=Realized Gain/Lossactivity=02activity=03activity=004name=Disbursementsactivity=23activity=20activity=25name=Miscellaneousactivity=05activity=06activity=08activity=09activity=10activity=12activity=22activity=24activity=27activity=28name=Transfersactivity=07activity=21name=Feesactivity=26activity=73name=Loansactivity=35activity=96activity=97activity=29name=Unrealized Gain/Lossactivity=999
- 36. Relevant Pension Portal: XML Sample<instructions> <instruct name="maxrange" value="500" /> <instruct name="lowestdate" value="03/21/2009" /></instructions><balances> <bal name="open" value="23615.87" date="02/01/2010" shares="52971.7359" /> <bal name="close" value="285542.70" date="08/03/2010" shares="3014.4550" /></balances><activity> <summary name="Contributions" expand="y" value="350.00" shares="42.7191" items="13" > <detail actcode="001" fund="1TA" fundname="Goldmanmidva/ Ee401K" name="Contributixn" tdate="02/02/2010" value="31.50" shares="1.0915" price="28.860000" /> <detail actcode="001" fund="2BA" fundname="Fed Us Treas/ Ee401K" name="Contributixn" tdate="02/02/2010" value="14.00" shares="14.0000" price="1.000000" /> <detail actcode="001" fund="3AA" fundname="Alliz Nfj Sm/ Ee401K" name="Contributixn" tdate="02/02/2010" value="17.50" shares="0.7237" price="24.180000" /> <detail actcode="001" fund="3BA" fundname="Fa Real Esta/ Ee401K" name="Contributixn" tdate="02/02/2010" value="17.50" shares="1.2464" price="14.040000" /> <detail actcode="001" fund="CDA" fundname="Europacific/ Ee401K" name="Contributixn" tdate="02/02/2010" value="59.50" shares="1.5986" price="37.220000" /> <detail actcode="001" fund="CEA" fundname="Grth Fd Am/ Ee401K" name="Contributixn" tdate="02/02/2010" value="49.00" shares="1.8311" price="26.760000" /> <detail actcode="001" fund="CFA" fundname="Wash Mutual/ Ee401K" name="Contributixn" tdate="02/02/2010" value="24.50" shares="1.0004" price="24.490000" /> <detail actcode="001" fund="CWA" fundname="Inv Co Amer/ Ee401K" name="Contributixn" tdate="02/02/2010" value="24.50" shares="0.9585" price="25.560000" /> <detail actcode="001" fund="D5A" fundname="D&C Inc/ Ee401K" name="Contributixn“ </summary> <summary name="Realized Gain/Loss" expand="n" value="0.00" shares="0.0000" items="0" > </summary> <summary name="Dividends" expand="n" value="0.00" shares="0.0000" items="0" > </summary> <summary name="Disbursements" expand="n" value="0.00" shares="0.0000" items="0" > </summary> <summary name="Other" expand="n" value="0.00" shares="0.0000" items="0" > </summary> <summary name="Transfers" expand="n" value="0.00" shares="0.0000" items="0" > </summary> <summary name="Fees" expand="n" value="0.00" shares="0.0000" items="0" > </summary> <summary name="Unrealized Gain/Loss" expand="n" value="261576.83" shares="0.0000" items="0" > </summary></activity>
- 37. Relevant Pension Portal: Customization Business Services for most common interactionsOver 50 OmniScripts , i.e., balances by investment, source, asset class, etc.OmniScripts packaged to meet client’s presentation requirements and performance Add/Change Scripts to extend functionality via browser-based development environment
- 38. Relevant Pension Portal: Transactions Relevant Pension Portal is the only solution which interacts with Omni via XML business-oriented packages. The XML-based business services provide the complete transactional details regardless of the underlying database records. The smart packages contain the processed data and interpreted rules. This allows for an ultra thin web which is easy to deploy and simple to maintain. Does this look like your Omni transactions? <?xml version="1.0" encoding="utf-8"?><events> <command businessevent="transfer" update="n" webudf1="rpp" webudf2="web" tradedate="" userid="" id="001" ref="xyz"> <parameters planid="123456" partid="123456789" > <change source="*" /> <change fromfund="3A" /> <change frompercent="100" /> <change tofund="D5" /> <change topercent="100" /> </parameters> </command></events>
- 39. Relevant Pension Portal: Development UtilityRun service scripts
- 40. Debug