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Products September 2, 2002
Online Data and Advice Provider Ink Deal
February 21, 2001 (PLANSPONSOR.com) - Plan sponsors
will be able to aggregate both defined contribution and
defined benefit data online and their participants can avail
themselves of online advice, as a result of a new partnership
between two online service providers.
Reported by Charles Epstein
Pyramid Digital Solutions, a software and services company specializing in fully integrated, front-end technology for the retirement plan industry, announced an agreement mPower, an online investment advice provider.
This partnership will leverage two Pyramid products: PlanLink, a data-integration solution introduced last year, and PlanWeb, a Web-based participant account management solution, which currently services more than eight million retirement plan participants.
Ready This Quarter
mPower said its integration plans using PlanLink technology are currently in production and are expected to be completed this quarter.
Under terms of the agreement, Pyramid will develop a PlanLink interface application for the clients it shares with mPower. Through this interface, plan participants will be able to access mPower’s advice via Pyramid’s PlanWeb application by simply clicking on an icon or button.
The PlanLink interface application will provide secure, “roundtrip” data transfer and transaction execution capabilities. This allows participants to interact with mPower without having to key in their account data or sign on to another Web site. Once the advice session ends, the participant can execute mPower’s recommendations with a single click, the company said.