According to a company press release from the StanCorp Financial Group subsidiary, Compliance Data Review (CDR) allows employers to securely view plan summaries and make corrections to them online. When users add or update information, the service automatically flags potential errors, such as missing or invalid data.
“With this service, they no longer need to track information on multiple spreadsheets, faxes and printouts. CDR gives them one secure location to view and update information including plan and participant data related to compliance testing and government filings,” said John Nord, assistant vice president of Administration at the Portland, Oregon company, in the release.
CDR is available to all of The Standard’s full service plan sponsor clients.
For more information visit www.standard.com .