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.


Make financial wellness programs more valuable to users, quantify benefits to employers: Report

Categories : FINANCIAL WELLNESS RETIREMENT & PENSION INDUSTRY
Tags : Retirement plan administration Recordkeeping Retirement & Pension Industry MILLENNIALS FINANCIAL WELLNESS
Author : Bala

Financial wellness “sounds like a greater good upon which we can all agree” but, in practice, “earning the buy-in and support for these programs is complex”, according to a recent white paper on the topic. With strategic improvements, financial wellness programs could be more useful to, and have a greater impact on, the financial condition of employees, it says.

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Why financial literary and financial wellness matter

Categories : FINANCIAL WELLNESS RECORDKEEPING RETIREMENT & PENSION INDUSTRY MILLENNIALS RETIREMENT PLAN ADMINISTRATION
Tags : Retirement plan administration Recordkeeping Retirement & Pension Industry MILLENNIALS FINANCIAL WELLNESS
Author : Sagar

Even as the move to Defined Contribution (or ‘DC’) plans gains more and more traction across the US, the need for financial literacy and financial wellness education and programs has also increased considerably.

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Data Analytics can help deliver competitive plans, work out retirement income

Categories : Retirement Technology
Tags : Recordkeeping Retirement & Pension Industry DATA ANALYTICS
Author : Pradeep C

Data analytics is the process of examining data sets to draw conclusions about the information they contain. This information can then be used to optimize processes in order to enhance productivity or to improve the efficiency of a business

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Mobile and online capability essential for DC plan providers, millennials seek info from social media: Study

Categories : Retirement Technology
Tags : Retirement plan administration Recordkeeping Retirement & Pension Industry MILLENNIALS SOCIAL MEDIA
Author : Bala

According to recent surveys, more than half the millennials in the workforce may not have not started saving for retirement. However, some studies say that many millennials have been contributing to a workplace retirement savings plan since their early 20s.

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Why authentic leadership is important for transformation success; impact of MEPs, and the millennial connection

Categories : Retirement Technology
Tags : Recordkeeping Retirement technology Retirement & Pension Industry 401(k)
Author : Team Congruent at SPARK Forum 2018

At the 2018 SPARK Forum (Nov 4-6th, in Florida), Team Congruent attended sessions on service delivery transformation, multiple employer plans or MEPs, and on student loans. Retirement industry experts shared their views on effective leadership techniques, multiple employer plans’ anticipated stakeholder impact, and on ways to encourage millennials to save in 401(k) plans.

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Behavior analysis can help improve retirement outcomes, says expert

Categories : Retirement Technology
Tags : Retirement plan administration Recordkeeping Retirement technology Retirement & Pension Industry ARTIFICIAL INTELLIGENCE
Author : Team Congruent at SPARK Forum 2018

A team from Congruent was at the 2018 SPARK Forum in Florida, earlier this month. In a series of blog posts, we will share interesting insights from the sessions. The first post is on the key takeaways from a session on how neuroscience is being used to improve retirement outcomes.

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Multiple employer plans - the affordable workplace retirement plan option for small businesses

Categories : Retirement Technology
Tags : Retirement plan administration Recordkeeping Contributions processing Retirement & Pension Industry
Author : Sagar S

In this podcast (3:36), we explain the concept of multiple employer plans or MEPs. Sagar S, the Product Owner for Congruent’s CORE Suite of Solutions, talks about how multiple employer plans will help increase retirement coverage in the US. He also describes one of the challenges of MEPs from a provider perspective, and how Congruent’s CORE Contributions Processing Solution helps tackle it.

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Congruent at SPARK Forum 2018, and the story behind COREDC

Categories : Retirement Technology
Tags : Retirement plan administration Recordkeeping Retirement technology Retirement & Pension Industry
Author : Lucas

Congruent is a Silver Sponsor at the 2018 SPARK Forum, a leading event for the US retirement services industry. The event will be held from November 4-6th, at The Breakers Palm Beach, in Florida. In this podcast, Lucas Soucy, the Head of North America for Congruent, talks about the company’s long association with SPARK, and how the idea of COREDC, Congruent’s flagship product, was born.

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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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