Retirement
Retirement plan providers, third-party administrators, and recordkeepers use Spark to offer innovative solutions to plan sponsors and participants. In today’s new dynamic era of lifetime income in retirement plans, the traditionally disparate worlds of investments and insurance can be bridged in seconds with Coherent Spark.
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Meet Plan-Sponsor and Participant Needs Faster
Increase options for retirement plan sponsors and implement hyper-personalization for their participants. That level of customization is easier and faster than you ever thought possible. Turn retirement business vision into reality without the cost or roadmap that typically comes with transformative projects. That’s transformation without disruption.
Retirement plan providers, third-party administrators & recordkeepers use Spark for:
Accumulation/decumulation investment models and advice tools
Integration of lifetime income solutions into legacy systems without coding
Innovation in product pricing for lifetime income products with enhanced liquidity and portability
Investment portfolio Monte Carlo analysis and recommendations
Defined contribution pricing, compliance testing automation, and plan design solutions
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Quick and easy mobile applications, dashboards, and calculator tools without big investments in time and budget
Spark retirement use cases (the list grows daily):
Drive a new product that nobody else could deliver (Excel to cloud service)
Compliance – test values to make sure they are within tolerances
Drive a lifetime income algorithm into a legacy system
Stream and accelerate new 401k pricing and sales
When things get really complex – use Spark to resolve coding difficulties with most sophisticated models
Customer experience calculations – provide output from 26+ variables
ERISA compliance testing – automate and streamline complex testing with dramatic operational savings
Pricing
Investment only 401k
Combine data from a million policies to identify outliers and other issues or divergence from financial and regulatory guidelines
Compliance – a wealth of searchable historical data
Provide transaction details and underlying calculations in support of an investment recommendation (risk profile alignment).
Proactively report how retirement plans prioritize interests of the participant rather than the business having to respond to audit requests both from internal and external sources.
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Book a demo today
You can convert your first spreadsheet now by booking a demo with one of our Spark experts.