Software solutions firm Wolters Kluwer Legal & Regulatory U.S. has launched defined benefit (DB) compliance software on ftwilliam.com.
The 100% cloud-based DB plan solution features a modern user interface and seamless integration with document and forms modules. By adding the software, Wolters Kluwer says it has made the ftwilliam retirement services solution a full-service suite with compliance, plan documents, forms and distribution tracking for all qualified and nonqualified plans.
The new solution provides a complete valuation, testing and proposal system designed to increase efficiency for retirement plan service providers, third-party administrators (TPAs), actuaries and accounting firms that administer DB and hybrid plans. Wolters Kluwer says it alleviates the business risks inherent in dated, non-web-based software.
In addition, integration with ftwilliam document and forms software eliminates the pain point of duplicative data entry for combination plan valuations, testing and proposals. The solution is also accessible from any location and doesn’t require hardware or patches to install, allowing TPAs and actuaries to securely share data and access instantaneous regulatory updates.
ftwilliam, a product suite of Wolters Kluwer Legal & Regulatory U.S., offers employee benefit professionals modern and cloud-based plan documents for defined contribution (DC) and DB plans, government forms (including Forms 5500, 1099 and 5300), compliance testing and reporting, and distribution tracking software.
More information is available here.
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