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.


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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Behavior analysis can help improve retirement outcomes, says expert

Categories : Retirement plan administration 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 plan administration 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 plan administration 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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How to conduct an effective Scrum Meeting

Categories : Retirement plan administration Retirement Technology
Tags : Retirement plan administration Retirement technology Retirement & Pension Industry SOFTWARE DEVELOPMENT
Author : Bhuvaneswari

Scrum is a popular framework for Agile software development. The Scrum model follows Sprint timelines (2 weeks to 4 weeks) to deliver software or product enhancements, on a regular basis to the client.

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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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Smarter platforms and BPaaS solutions provide cost savings, and enhances productivity

Categories : BPaaS BPaaS blog Contribution management Defined Contribution Retirement plan administration
Tags : BPaaS BPaaS blog Contribution management Defined Contribution Retirement plan administration
Author : Sakthi

Many of the large plan providers, with decades of experience in Defined Contribution (DC) plans, Defined Benefit (DB) plans and Non-Qualified plans administration are maintaining multiple legacy systems for managing the contribution process. These disparate systems are supported by error-prone manual intervention processes. The decentralized, non-standard contribution management process and rigid architecture of legacy systems are impairing these organizations’ scalability and flexibility to support the payroll volume surges.

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6 Simple Productivity Boosters for 401K Plan Administrators

Categories : Record Keeping Systems 401 Record Keeping Blog DC Record keeping Record Keeping Software Retirement Services Retirement Technology Thought Leadership Retirement Plans Record Keeping
Tags : Retirement plan administration 401K record keeping DC record keeping Plan administrators Record Keeping Software Recordkeeping system Retirement technology Plan Processing Retirement Services Year- End Processing
Author : admin

401K Plan Providers often faces difficult challenges during the calendar year due to thin profit margins and seasonal spikes in demand for resources. With multiple stages of managing a plan like eligibility, testing, form 5500 preparation, transactional processing and general day to day operations, errors in plan administration can happen frequently, have serious drag on productivity, and detract from the overall customer experience.

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