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 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, time-consuming sponsor communications, countless deadlines and disconnected workflows.
Learn how technology is eliminating these pain points and elevating TPA operations.
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 centralizes date and task visibility and integrates them into workflows entire teams can access. PensionPro’s Event Management automatically tracks key plan events like compliance testing and 5500 filings and ties them directly to your workflows. Your team saves time and never misses a deadline.
02 | Data Access & Reporting
Pain Point
Manually manipulating and mining spreadsheets for specific slices of data is time consuming and increases the risk of error.
Technology Solution
PensionPro’s Fetch creates instant, error-free queries that automatically pull in your data. Fetch insights on demand using past queries, saving time and scaling operations.
03 | Document Generation
Pain Point
Countless hours are spent manually creating plan sponsor communications and documents.
Technology Solution
PensionPro’s Merge Documents creates, stores and sends formatted sponsor correspondence with your branding to your distribution lists.