SunGard provides IT outsourcing and hosted solutions to administer more than 63,000 retirement plans for more than 9.2 million recordkeeping participants, as well as document management services for more than 10,000 active plans and restatement management services. With its expanded offerings, SunGard provides the following:
- Participant processing for contributions, disbursements and loans;
- Remittance processing for contributions and loan repayments;
- Compliance test offerings, including 5500 preparation and plan design comparisons; and
- Plan set-up and implementation.
Mike Rogalski, president of SunGard’s wealth and retirement administration business, said, “Retirement administrators are seeking outsourcing options that will help them improve efficiency of operations, reduce costs and alleviate the pressure on internal IT departments. SunGard’s retirement managed services offer a full range of functions that support essential tasks, helping our customers focus on serving their clients.” More information is at www.sungard.com.