401(K) CONNECT TO PROTECT
401(k) Connect to Protect seamlessly connects responsible parties – Plan Sponsors, TPAs, and CPAs – and the many disparate reports, analytics, and processes to protect 401(k) plan participants. Protecting employee retirement funding is the mandate of the Department of Labor and the responsibility of plan fiduciaries.
CLIENT SERVICE MISSION
Three Pillars of Service
By Our Trusted Advisors
INTERNAL CONTROLS
Accounting is the language of business; the basis for sound decisions. The service mission is to assist clients with forming and continuously improving a foundation of sound internal controls, to promote financial reporting clarity, and to develop meaningful, timely and accurate management information.
ERISA COMPLIANCE
ERISA requires plans to provide participants with plan information including important information about plan features and funding; sets minimum standards for participation, vesting, benefit accrual and funding; and provides fiduciary responsibilities for those who manage and control plan assets.
TRUSTED FINANCIALS
Public trust in financial reporting promotes reliable financial commerce. The service mission is to ensure that all audit and attestation services are performed at the highest level of quality, detect any material errors, and provide the required financial information that the reader can trust.
SELECT SYSTEM FEATURES
While the cloud-based system leverages the latest in software services including AI, friendly UI, Microsoft .net/SQL, and SOC 2 certified, 401(k) Connect to Protect is most distinguished by the 401(k) experience of the team that has studied the user needs and designed spectacular solutions. Estimated as more than twice the activity value at less than half the time.
- Single repository for all plan documents
- Streamlined document request and retrieval
- Analytical Procedures as Substantive Tests
- Risk assessment
- Workflow system for fiduciary compliance and related CPA audit
- AI document reading and examination sign-off
- Tracks DOL concerns and addresses throughout
Price is typically considered a miniscule administrative fee.