SaveDaily Incorporated today announced today that their upgraded 403(b) record-keeping platform is now available. The record-keeping platform is fully compliant with the new code regulations that are scheduled to go into affect for taxable years beginning after December 31, 2008.
The latest version offers support for both ERISA and non-ERISA 403(b)s. And online platform access eliminates the costs of software, hardware, hosting, labor, and the on-going expense of maintenance.
The upgraded version also boasts new tools designed to support fiduciaries in their efforts to provide complete participant services at the lowest costs possible. Questionnaires, financial calculators, professionally managed allocations and even investment advice; all can be generated online and customized to the specific needs of sponsors and advisors.
âOur goal is to save administrators, advisors, and plan sponsors time and money and help them compete aggressively for any size 403(b) plan,â stated James Nickles, SaveDailyâs chief marketing officer. âWe are also the only platform in the country, that I am aware of, that also offers private labeling as part of our standard service. Private labeling provides the administrator with their own branded and customized record-keeping platform. This flexibility changes the administratorâs recordkeeping experience from the negative âyou must do it my wayâ to the positive âhow would you like it done?ââ Nickles elaborated.