Turn Your Challenges into Efficiencies

3 Ways TPAs Can Elevate Their Business With Technology

In the ever-evolving space of retirement plan administration, TPAs are the steady hands behind the scenes keeping compliance reporting and plan operations running smoothly.

Yet, for all their expertise, many TPAs grapple with the same recurring pain points – manual data processing, fragmented communication, scattered deadlines and disconnected workflows.

Learn more about how technology is solving these pain points and elevating TPA operations.

Let us show you how PensionPro allows TPAs to move from reactive operations to proactive management.

3 Ways Technology is Elevating TPA Operations

01 | Operations & Deadlines

Pain Point

TPA deadlines and reminders are scattered across emails, spreadsheets and sticky notes. This makes it difficult and time-consuming to keep track of what needs to be done and when, often leading to missed deadlines and late filings.

Technology Solution

Automation can centralize date and task visibility and integrate those dates and tasks into workflows that entire teams can access. PensionPro’s Event Management automatically keeps track of key plan events like compliance testing and 5500 filings and ties them directly to your workflows. You and your team save time while never missing a deadline.

02 | Data Access & Reporting

Pain Point

Obtaining meaningful slices of data for compliance and client purposes means manually manipulating and mining spreadsheets which takes time and adds a risk for error.

Technology Solution

Flexible query tools allow you to reuse past queries. PensionPro’s Fetch creates instant, error-free queries that automatically pull in your data. Fetch real-time insight, save time and scale operations.

03 | Document Generation

Pain Point

Countless hours are spent manually creating plan sponsor communications and documents.

Technology Solution

Automated document generation uses templates linked to your data and prepared with consistent branding and formatting. PensionPro’s Merge Documents pulls in client information to create a template for each communication.