Congruent sheds light on the topics and questions that matter to you, so that you’re equipped with new ideas to innovate, in the competitive landscape of record-keeping and plan administration. Our in-house experts offer insights you can harness.


Everything you need to know about 401(k) plans

Categories : Defined Contribution Retirement Plans Retirement Savings Plans
Tags : Defined Contribution Retirement Retirement Plan Provider 401(k)
Author : Padma G

When it comes to retirement plans, an increasing number of US employers seem to prefer 401(k) plans over other plans. This is largely due to how beneficial these plans are to them, as well as to their employees. 401(k) plans not only provide tax deductions for companies, but also provide an incentive for their employees to stay with them.

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Providing A Digital Experience On Top Of A Legacy Recordkeeping Platform – The Hows And Whys

Categories : Retirement Plans Retirement Plans Record Keeping
Tags : User Experience Retirement Plan Provider DIGITAL CUSTOMER EXPERIENCE DIGITAL
Author : Ajay P

Banks and insurance companies have adopted several innovative ways to get their users to take more action on the Web, removing barriers, to make it appealing to more people as well as cut operational costs. The retirement industry is no exception.

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Plan Conversion – Investment Strategy, Advantages and Challenges

Categories : Retirement plan administration Retirement Plans
Tags : Retirement plan administration
Author : Arun K

The plan conversion process involves inclusion of a strategic approach as per investment advice provided by the Registered Investment Consultant or Registered Investment Advisor (RIA) to the fiduciary of the plan.

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Plan Conversion – Benefits and Best Practices

Categories : Retirement plan administration Retirement Plans
Tags : Retirement plan administration Plan Conversion
Author : Arun K

As the saying goes, change is the only constant in life. We have to adapt, over time, in order to survive. In the world of retirement plans, preparing for change is, by itself, a Herculean task. Organizations consider plan conversion to stay ahead of the market.

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State-run retirement plans: How the US is trying to increase retirement coverage

Categories : Retirement Plans
Tags : Retirement plan administration Retirement plans Retirement technology
Author : Meera

A large number of US workers face an uncertain future – many don’t have enough savings and aren’t enrolled in retirement plans. In many cases, employers don’t offer retirement plans. Small companies are not able to afford it or don’t have the resources to administer such plans. Only a little more than 50% of small and medium businesses in the US now offer retirement plans.

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A SIMPLE Retirement Plan For Small Businesses

Categories : Record Keepers Retirement Retirement Plans Retirement Savings Plans
Tags : Plan Document Recordkeeping Retirement Savings Plans
Author : Dhiraj

Savings Incentive Match Plans for Employees (SIMPLE) are retirement plans offered by small businesses, which have simplified plan rules. The SIMPLE IRA plan combines features of a SIMPLE plan and a Traditional IRA plan.

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Retirement Savings Plans – the Plan Migration Worries

Categories : Record Keepers Retirement Retirement Plans Retirement Savings Plans
Tags : Plan Document Recordkeeping Retirement Savings Plans
Author : admin

Conversations with a few top record keepers in the retirement savings space led us to a predicament, which, albeit not too frequent, is but of significant importance in the retirement industry. While day-to-day recordkeeping woes have mostly been addressed through currently available off-the-self solutions or through custom built applications thereby making a sponsor’s life relatively easy, there still remain a few problem areas in plan conversions and migration that require attention from the SME (Subject Matter Expert) fraternity in the retirement domain.

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Lack of Standards in the Retirement Industry

Categories : Record Keepers Retirement Plans Blog Pension Funds Asset Managers Data Exchange Standards In The Retirement Industry
Tags : Asset Managers Data Exchange Insurance industry Record keepers Retirement plans Standards in the Retirement Industry
Author : Sagar

Having made a move from Insurance to Retirement like so many of my peers, I was first awestruck by the sheer numbers in this industry in terms of total assets: with the total assets of pension funds about $10 trillion more than insurance companies. Soon after, I was dumbstruck by the total lack of standards amongst record keepers and asset managers alike in the pension industry.

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