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 the participant is the mandate of the Department of Labor.
Executive Summary:
Connects:
- Plan fiduciaries to meaningful data in one place
- CPAs to audit evidence expediently and thoroughly
- TPAs data and reports served by send only
- A plethora of organized data using AI and analytics
Protects:
- Best practices and plan operational failures
- Inefficiencies, deficiencies, and profitability
- Data invasion, frustrated fiduciaries & CPAs
- The participant and all concerned
While the cloud-based system leverages the latest in software services including AI, friendly UI, Microsoft .net/SQL, and SOC 2 certifed, 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.
Summary of Team
- 150 years of 401(k) audit experience. 30 at PwC
- 25 years of TPA experience
- Thousands of 401(k) audits
- PCAOB Members (SEC audit qualified)
- COSO Internal Control Framework certified and AICPA Expert
- Enrolled actuaries, former PwC
- MIT Software engineer lead
Click here to meet the Advisory Members.
Select System Features:
- 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.
401(k) Connect To Protect ensures that employers are compliant with the regulations set forth by the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Service (IRS). All professionals are extensively trained in the COSO Internal Control Framework. The 401(k) Protect To Connect service mission is to provide Compliance Assurance, Enhanced Plan Integrity, and Stakeholder Confidence.
