The evolution of the retirement market into a distinct and specialized industry has caused a shift in regulatory reporting requirements for the advisor community. 结果是, the advisor community serving retirement plans may have supervisory, 监督, fee disclosure and other requirements to fulfill.
The market’s surge in group retirement plans combined with these growing regulatory demands has heightened the need for greater transparency delivered in a standardized and automated fashion among various industry participants. This had been accomplished through inefficient custom file extracts and spreadsheets delivered through email, 传真, point to point connections and other risk-prone methods. 存’S 互惠基金服务 is uniquely positioned to resolve this challenge as a trusted, low-cost and centralized solution for the mutual fund industry.
退休计划报告(RPR), through 存’s National Securities 清算 Corporation (NSCC) subsidiary, 带来效率, 自动化, and security to this data exchange for the retirement industry. It also benefits constituents such as plan sponsors, 记录保持者, 经纪商/交易商 plan advisors and clearing agents. It provides a set of standard formats to accommodate the information flow among business partners, providing more transparency for 5500 Schedule C, 408(b)(2), 404(a)(5)合规要求, general supervision and sales reporting needs.
Retirement Plan Reporting allows information such as Plan identifiers, 受托人, 经纪商/交易商, 计划资产, activity and product type to be exchanged between parties for 401(k), 403(b), 钱购买, 递延补偿, Defined Benefit and many other types of retirement plans.