According to a company press release, Pan-American’s TPA 401(k) product gives TPAs access to investment services, plan and participant reports, and educational information.
The company said the product features:
- integration with DATAIR TPA software systems initially, with Quantech compatibility by the third quarter of 2002,
- fund selection, evaluation and due diligence process through Standard & Poor’s, that can help limit exposure to fiduciary liability,
- bilingual Internet and multimedia-based educational programs in English and Spanish, and
- regional support from account managers and consultants to conduct education and enrollment seminars and provide local support to the TPA network