According to Kravitz, currently, many TPA firms are unable to offer cash balance plans due to the high costs of actuarial staffing and software acquisition. Cash Balance Online removes these obstacles, allowing TPAs to manage the client relationship with seamless, web-based administration powered by Kravitz.
The solution includes marketing tools, free plan designs and a private label option to brand their client’s cash balance web portal with the TPA firm logo. Plan sponsors and participants enjoy a user-friendly, secure online retirement center where cash balance accounts are updated daily. Users can generate on-demand statements and reports while taking advantage of custom tools and features.
“Cash Balance Plans are the fastest growing retirement plan category in the country, but many TPAs have been unable to take advantage of their popularity,” said Dan Kravitz, president of Kravitz and Cash Balance Online, Inc. “It’s our mission to bring Cash Balance Plans into the mainstream, giving TPAs all the tools and seamless back-office support needed to help clients take full advantage of this excellent retirement savings opportunity.”
Dan Kravitz will demonstrate Cash Balance Online for TPAs during a free webcast on Wednesday December 14 at 10 a.m. Pacific. TPAs can register at https://www2.gotomeeting.com/register/700521642.More about the solution is available at http://cashbalanceonline.com/.
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