PROspectives
Read stories, updates, and highlights from our staff on changes in the industry, PRO tips on using PensionPro, and other topics relevant to administering retirement plans.
Revolutionizing ProPass: A New Era
In 2020, business as we knew it made a major shift. Our tradition of getting together for in-person events was no longer feasible, and we all turned to Zoom—whether we were ready for it or not. Virtual training quickly took the place of in-person training and...
Tips from the Team: Distributions
Distributions—necessary work that rarely results in a profit. As a former Distribution Processing Supervisor, this predicament was always in the forefront of my mind. The way I saw it, there were two possible solutions: charge more for distributions or become...
Tips from the Team: Census Reminder Blast Emails
It seems like we just rang in the new year, yet we’re already close to the end of February! This likely means that census data collection for 12/31/23 plan years started weeks ago, and data is rolling in from plan sponsors. What about those who you are still...
How AI Will Change the Retirement Industry, And How It Won’t
Originally published on Planadviser Source: https://www.planadviser.com/ai-will-change-retirement-industry-wont/ One could make the argument that 2023 was the year AI fully entered the public consciousness as a technology that will permanently alter our lives and our...
Tips from the Team: Reports for Annual Administration Projects
Hello PensionPros! We know you’re neck-deep in annual administration at the moment and don’t have time to read a blog post today, so we’re going to keep this round of PensionPro tips short and sweet. If you haven’t checked out PensionPro’s built-in reports yet, you...
The Times They Are a Changin’
PensionPro is on the verge of a giant leap. PensionPro 2.0, set to be released this summer, is built for the future of work and the flexibility it mandates. According to a recent Quora thread, the average worker will click between 5,000 and 7,000 times in a 7-hour...
PensionPro of the Month: Carmen Winters
Carmen Winters, DBZ The Great Resignation, the Great Reshuffle, the Great Reset - whatever you want to call the last few years, navigating it has been extremely challenging for employers and HR departments. As a result of the COVID-19 pandemic, remote-first policies...
PensionPro of the Month: Joni Jennings
Joni Jennings, Primark Benefits California is unique. It’s where movie stars hang out, it’s where tech giants are born, and it’s where the Raisins sing and dance. Well, maybe not. However, California - specifically Silicon Valley - is a very different animal when it...
Thinking About Selling?
It seems like I can’t open LinkedIn without seeing another announcement about an acquisition in the retirement plan industry. One Digital, Ascensus, and TRA are as hungry as ever but even as you slide down the size spectrum, medium and small-sized firms are using...
PensionPro of the Month: Chad Carroll
Chad Carroll, MAP Retirement Chad Carroll is a man on the move - both figuratively and literally. He is a Managing Partner at MAP Retirement, which is experiencing intentional and rapid growth, having doubled in size over the last six months. Also, Chad managed this...
Navigating The Path Forward
The dynamics of the retirement plan landscape are shifting rapidly. Now more than ever, plan sponsors and participants are demanding higher levels of service and technology, while at the same time expressing increasing concern over cybersecurity threats and fraudulent...
Better Together
When an advisor selects a TPA to administer a plan, it is a conscious or unconscious extension of the advisor’s brand. Obviously, the financial performance is key to the combined value proposition, but simultaneously, if the plan falls out of compliance, the...
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