(August 9, 2004) CPI Qualified Plan Consultants, Inc. has just announced the release of several new enhancements to its Plan Sponsor Website. CPI president, Bob Dema states, "We are really excited to offer these new enhancements to our sponsors, and are confident they will find them beneficial." The new software enhancements were completed by Envisage Information Systems, LLC, and will become part of Envisage's overall product offering to TPAs. Envisage's president, Steff McGonagle stated, "We are pleased to work with the CPI team to help streamline their operations while enhancing the functionality delivered to their plan sponsors."
The new enhancements include a Plan-Level Statement-On-Demand. This gives the sponsor the ability to create a plan- or participant-level statement in real-time across a user-selected date range. The sponsor is able to drill down into the model funds if the plan contains them. Another enhancement is Plan-Level Transaction Statements, which allows the plan sponsor to view all activity at the plan level and drill down to view an individual participant's activity. The transaction statements can be generated for a date range by transaction type, source, and fund, and are displayed with various sort options.
These real-time reports allow the plan sponsor to provide their participants with a much higher service level and to manage their plan more effectively than ever before-allowing them to focus on their business activities. Other enhancements include expansion of the Plan Information Center and additional loan payment reports.