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Products October 12, 2001
Intacct Users Gain Access to The Principal Plans
December 10, 2001(PLANSPONSOR.com) - Accounting
solutions provider Intacct has teamed up with The Principal
Financial Group to simplify plan setup and management at
small and mid-sized companies.
Reported by Camilla Klein
Under the agreement, The Principal’s 401(k) and retirement services was added to the online offerings of the Intacct Online professional accounting and business system.
Features include:
· online 401(k) plan administration and testing,
· daily valuation record keeping,
· investment assistance through licensed financial
professionals,
· online plan design assistance, and
· around the clock access to plan status
In addition, the integration with The Principal’s retirement solutions gives Intacct users the following benefits:
· single sign-on access
· automated synchronization of employee plan
participants between the Intacct system and The Principal,
and
· automated posting of contributor data from Intacct’s
payroll applications into the 401(k) plan
Future versions of the integrated offering will include annual compliance reporting.