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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Participant ledgers, contribution posting, loans, distributions and reconciliation for US 401(k) recordkeepers and TPAs.
Pre-tax, Roth, match, profit sharing and rollover sources, by fund, with full history.
Per-payroll posting by money source, with late-deposit and limit flags.
Loan set-up, amortization schedules, repayments from payroll and default tracking.
Distribution requests, approvals and posting, with withholding data captured for reporting.
Vesting schedules applied by source, and forfeiture accounts tracked and used.
Reconciliation to payroll and to custodian or trust records, with variances listed for review.
Plan and participant fee deduction, fee schedules and revenue reporting.
Participant and sponsor statements and fee disclosure data generated from the same ledger.
Loading plans from another platform with reconciled opening balances.
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 moreIt keeps each participant's account: contributions by source, investments by fund, loans, distributions, vesting and fees, and reconciles those balances to payroll and to the custodian or trust.
Balances only change through posted transactions that keep their history. Nothing is overwritten, so every balance can be traced back to the payroll file or entry that produced it, and reconciliation can be run as of any date.
Yes. We map the source data, load it into the new model, and reconcile participant and plan totals by source and fund before cut-over, with a parallel period where both systems run.
We build the recordkeeping, posting and reconciliation side. Money movement itself stays with your custodian, bank or trading partner; we integrate with their files and APIs.
Plan administration systems for US third-party administrators: plan years, census, testing, 5500 data and billing.
Read moreADP/ACP, top-heavy, coverage and annual limit checks that trace every result back to census rows.
Read morePayroll file mapping, validation rules and exception queues before data reaches the ledger.
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.
