A US TPA: key financial process automated
A six-month build of a complex financial application for The Retirement Advantage, Inc. (TRA), which in the client's words drastically reduced the manual effort in a key financial process.
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Payroll exports, census files and recordkeeper feeds mapped, validated and queued for review before anything is posted.
Examples of the checks we build. Your plan documents decide the rest.
Hire, birth, termination and rehire dates that are blank, impossible or out of order.
Negative hours, pay with no hours, or year-to-date pay going backwards.
The same employee ID or SSN appearing twice in one file or across files.
Compensation over the 401(a)(17) limit and deferrals over 402(g), flagged before posting.
Roth or catch-up amounts where the plan or participant does not allow them.
Entry dates and eligibility computed from the plan's rules, with new entrants listed.
Contributions received later than your plan's deposit policy, flagged for review.
Wrong pay date, missing columns, totals that do not match the control total.
Every correction to a row is logged with who made it and why.
You can try a small version of this on our home page: a sample payroll file with eight rows and the exceptions our rules find.
A six-month build of a complex financial application for The Retirement Advantage, Inc. (TRA), which in the client's words drastically reduced the manual effort in a key financial process.
Read moreDevelopment of Expand Financial's software that automates revenue management for recordkeepers, TPAs and payroll processors.
Read morePlans, census, annual projects, compliance testing, a recordkeeping ledger, payroll intake and billing in one product. Working pilot build with synthetic data.
Read moreEach provider's export gets a mapping to one internal format. New providers are added by configuring a mapping, not by writing new code, and every file goes through the same validation rules.
Missing or invalid hire and birth dates, negative hours, duplicate employee IDs or SSNs, compensation over the annual limit, deferrals over the 402(g) limit, and contributions that do not match the plan's sources. Each exception says which field failed and why.
They go to an exception queue with the reason. Clean rows can post while exceptions are fixed and resubmitted, and every fix is recorded.
We build and test with synthetic or masked data, mask SSNs in the interface, restrict who can see full values, and log access. Production runs in your environment under your controls.
Plan administration systems for US third-party administrators: plan years, census, testing, 5500 data and billing.
Read moreParticipant, source and fund ledgers, contribution posting, loans, distributions and reconciliation.
Read moreADP/ACP, top-heavy, coverage and annual limit checks that trace every result back to census rows.
Read moreA TPA operating system we built for independent US retirement plan administrators: compliance testing, recordkeeping ledger, payroll intake, projects and billing in one place.
