Emilie Kelly, Daily Valuation Manager, for EBS Benefits Solutions, states, "This new web technology will allow us to deliver much improved reporting features that our sponsors need to effectively run and grow their businesses." Other sponsor reporting features will include; Transaction Detail, Pending and Completed Web Transactions, Loan Payment Reports, and Login History just to name a few. EBS will also offer a Deferred Reports Option that will notify the plan sponsor when a report is finished.
Envisage, developer of the Enveritus suite of software products, has been providing web based solutions for the retirement industry since 1994. Furthermore, as the largest independent team of developers conversant with the record-keeping platform used by EBS, which is Schwab Retirement Technologies, Envisage is uniquely qualified to rapidly implement workflow and other back office solutions for record keepers.
EBS's new Enveritus Web technology will allow plan participants greater access to information for managing their 401K portfolios. It will also assist plan sponsors in administering the plans more effectively, as well as facilitate communications with the participants in a more timely manner.