FIS Retirement Plan Compliance Solutions offers a comprehensive suite for retirement plan providers, ensuring accurate and efficient adherence to complex regulatory and legislative requirements.
Vendor
FIS
Company Website
FIS Retirement Plan Compliance Solutions is a comprehensive suite designed to provide retirement plan providers with everything needed to meet increasingly complex regulatory and legislative requirements. With scrutiny on the rise, this solution helps providers maintain vigilance and achieve peace of mind. The suite encompasses essential services such as government forms, plan documents, data collection, management, restatement services, comprehensive reporting, and crucial retirement plan compliance testing. It leverages automated processes to ensure accurate and efficient results, significantly minimizing compliance testing risk.
Whether deployed in-house or utilized as an outsourced service, the solution offers the same benefits of automated processes and reduced operational risk. It aims to cut through complexity and increase processing efficiencies through straight-through processing, leading to faster, more streamlined operations and a dramatic reduction in labor costs for plan providers. The solution also ensures the generation of IRS-compliant plan documents, continually updated by nationally recognized employee benefits attorneys, and facilitates real-time, secure collaboration with plan sponsors for year-end data collection.
Features & Benefits
- Minimize Compliance Testing Risk
- Leverages extensive compliance and reporting capabilities for defined contribution plans, 403(b), ESOP and 457 plans, and cross-testing.
- Cut Through the Complexity
- Benefits from automated processes and reduced risk, whether choosing an in-house or outsourced arrangement.
- Increase Processing Efficiencies
- Straight-through processing ensures faster, more streamlined operations, dramatically reducing labor costs.
- Government Approved Forms
- Brings new efficiency to filing Form 5500s and related forms through automated processing, improved accuracy, and time savings.
- Compliant Plan Documents
- Generates IRS-compliant plan documents that are continually updated by nationally recognized employee benefits attorneys.
- Real-time Collaboration
- Simplifies year-end data collection by enabling direct and secure communication with plan sponsors throughout the process.
- Expert Back-Office Partner
- Provides access to expert staff to handle all plan document needs, regardless of volume.