Comprehensive retirement plan management, plan design, participant communication tools, compliance monitoring, investment analytics, and integration with digital advice platforms.
Specialized software for modeling retirement scenarios, calculating required savings rates, projecting retirement income needs, and analyzing Social Security optimization strategies.
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Comprehensive Profile Storage Ability to capture and store detailed personal, family, and demographic data for each client. |
Comprehensive plan management and participant administration imply detailed profile storage for compliance. | |
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Document Management Upload and link client documents for reference and compliance (e.g., tax returns, Social Security statements). |
Participant communication tools typically include document upload/reference for compliance. | |
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Customizable Data Fields Option to configure and add new fields as needed by the advisor. |
No information available | |
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Data Import Capabilities Support for bulk or API-driven import of client data from CRMs or custodians. |
Integration with digital advice platforms suggests support for data import/bulk/API-driven imports. | |
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Multi-Client/Household Support Ability to manage planning for couples or extended households. |
Supports both individual and multi-participant plans, indicating multi-client/household support. | |
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Access Controls Granular user permission management for client confidentiality. |
Compliance monitoring and plan management indicate granular access controls. | |
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Audit Trails Track and log changes to client data for compliance. |
Compliance monitoring requires audit trails of changes to client data. | |
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Data Encryption Secure encryption for data at rest and in transit. |
Data protection is a regulatory requirement for plan management systems. | |
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Data Backup Frequency How often the client data is backed up. |
No information available | |
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Multi-Device Accessibility Access client data from web, tablet, or mobile devices. |
Participant communications and digital accessibility imply multi-device access. |
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Goal-Based Planning Set and track retirement lifestyle goals. |
Supports goal-setting for participant retirement objectives. | |
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Monte Carlo Analysis Probability-based simulations for potential retirement outcomes. |
Investment analytics frequently include Monte Carlo analysis for retirement outcome projections. | |
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Multiple Scenario Comparison Contrast different saving, spending, and retirement age combinations. |
Allows plan design and comparison of different retirement strategies. | |
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Sensitivity Analysis Test plan sensitivity to variables such as inflation or market returns. |
No information available | |
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What-If Calculators Interactive tools for instant scenario changes (e.g., early retirement). |
Retirement scenario modeling is interactive, as stated in the product focus. | |
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Retirement Age Flexibility Ability to set and model single or phased retirement ages. |
Models phased retirements and scenario flexibility per 'plan design' and analytics. | |
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Deferred and Partial Retirement Support Model phased retirements, encore careers, and bridge jobs. |
No information available | |
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Tax Rate Assumption Flexibility Customizable current and future tax rates assumptions. |
Custom plan design and tax analysis in retirement tools commonly allow for custom tax rates. | |
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Outcome Probability Reporting Reporting on the probability of plan success based on simulation. |
Simulation/reporting on outcome probabilities is a standard feature in investment analytics. | |
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Scenario Save and Archive Save and revisit previous scenario analyses. |
Scenario management and audit imply ability to save/return to previous analyses. |
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Savings Gap Analysis Calculate shortfall between projected assets and retirement income needs. |
Analytics and gap analysis are basic to retirement income planning for participants. | |
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Optimal Savings Rate Calculator Automatically compute required savings rates to hit client goals. |
No information available | |
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Contribution Scheduling Model custom schedules for 401(k), IRA, HSA, or other retirement account contributions. |
Contribution modeling is included: 401(k), IRA, HSA and other retirement plans supported. | |
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Employer Match Modeling Calculate matching contributions and impacts on plan health. |
Employer match is a core function of qualified plan administration systems. | |
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Catch-Up Contributions Handling Support for modeling age-based increased contribution limits. |
Catch-up contributions for older participants is required for regulatory compliance. | |
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Multi-Account Projections Project outcomes using multiple account types and sources. |
Supports projecting outcomes from multiple account types and sources per plan participant. | |
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Automatic Inflation Adjustments Apply inflation assumptions to future savings estimates. |
Automatic inflation/cost-of-living increases are a standard part of actuarial projections. | |
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Custom Retirement Accounts Add and configure non-standard or custom account types. |
No information available | |
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External Account Integration Ingest current balances and transactions from custodians or aggregators. |
Integration with digital advice and custodians requires external account integration. | |
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Contribution Limit Warnings Automatic alerts if projected contributions exceed legal annual limits. |
Compliance and plan rules require automatic monitoring of contribution limits. |
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Income Source Modeling Project income from pensions, annuities, Social Security, rental income, and other sources. |
Pension/annuity/Social Security modeling is in the scope of plan income projections. | |
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Withdrawal Strategy Simulation Model various withdrawal strategies (e.g., 4% rule, bucket, dynamic withdrawals). |
Allows modeling and comparison of withdrawal strategies per participant objectives. | |
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Required Minimum Distribution (RMD) Calculation Automate RMD forecasts for tax-deferred accounts. |
Qualified plan administration must automate RMD calculations as a regulatory requirement. | |
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Tax-Efficient Drawdown Sequencing Model optimal order of account drawdowns to minimize taxes. |
Investment analytics include drawdown sequencing for after-tax maximization. | |
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Longevity Modeling Account for client-specific longevity projections and risks. |
Plan analytics include longevity projections to manage payout risk. | |
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Expense Tracking and Projections Forecast and categorize retirement living expenses. |
Forecasting/categorizing living expenses is standard in participant-level planning. | |
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Spending Shock Events Model possible one-time expenses (e.g., healthcare events, home purchase). |
Retirement planning tools can model one-time expense events (e.g., healthcare). | |
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Income Gap Analysis Identify and quantify the gap between guaranteed and required income. |
Income gap analysis falls within standard analytics modules. | |
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Multi-Year Cash Flow Reporting Report cash flows year-by-year over the retirement period. |
Projected year-by-year cash flows are a typical system output. | |
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Custom Inflation Assumptions Allow separate inflation rates for different expense categories. |
No information available |
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Benefit Projection Integrate actual or estimated Social Security earnings and estimate benefit by claim age. |
Social Security benefit projections are a standard part of participant retirement tools. | |
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Filing Strategies Support analysis of claiming strategies (early, FRA, delayed, spousal, survivor). |
Strategy analysis tools allow comparison of various Social Security filings. | |
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Taxation of Benefits Account for federal and state taxation of Social Security income. |
No information available | |
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Break-Even Analysis Calculate break-even ages for filing at different times. |
No information available | |
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Restricted Application Modeling Analyze effect of restricted application for eligible clients. |
No information available | |
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Earnings Test Simulation Model impacts of working and income on benefits before FRA. |
No information available | |
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Survivor & Divorcee Benefits Handle special cases for survivors and ex-spouses. |
No information available | |
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Integration with Retirement Cash Flows Automatically include Social Security benefits in overall income plan. |
Retirement cash flow tools include Social Security as an income stream. | |
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Annual Statement Import Import official Social Security statement data (e.g., .xml or PDF parsing). |
No information available | |
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Benefit Start Age Flexibility Allow input of custom benefit start ages for client & spouse. |
Custom benefit start ages are standard in participant-level projection tools. |
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Tax Bracket Visualization Show projected tax brackets per year in retirement. |
No information available | |
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Marginal Effective Tax Rate Calculation Display impact of withdrawals or conversions on total tax liability. |
Tax impact projections on withdrawals and conversions are part of tax analytics. | |
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Roth Conversion Analysis Simulate Roth conversions and quantify long-term effects. |
Long-term effects of Roth conversions are typically simulated in major retirement planning admin products. | |
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Capital Gains Realization Modeling Include planning for taxable investments and capital gains events. |
No information available | |
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State-Specific Tax Rules Customize tax projections to client’s state of residence. |
No information available | |
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Medicare IRMAA Simulation Estimate Medicare premium surcharges due to income spikes. |
No information available | |
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Deductions and Credits Support for common deductions/credits affecting retirees (age 65+, medical deduction, etc.). |
No information available | |
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Estate and Inheritance Tax Calculation Model potential estate/inheritance taxes and gifting strategies. |
No information available | |
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Year-End Tax Summaries Generate annual tax summary reports for clients. |
No information available | |
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Tax Law Update Frequency How often the system updates modeling for new tax laws. |
No information available |
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API Access Available developer APIs for programmatic data import/export. |
Integration with digital advice platforms implies API access. | |
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Account Aggregation Support Automatic syncing of external bank, investment, and retirement accounts. |
Account aggregation is implied by integration and digital advice tools. | |
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Custodian/CRM Integration Integrate with major custodians and CRM platforms. |
Integration with custodians is foundational for plan administration. | |
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Real-Time Data Feeds Support for live prices and position updates. |
Plan balances and investment performance require real-time or close to real-time data feeds. | |
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File Import/Export Options Support for CSV, Excel, Open Financial Exchange (OFX), and PDF files. |
Bulk import/export from participant and investment systems is necessary in administration. | |
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Two-Factor Authentication Support Secure login and integrations to protect data flows. |
Participant security and plan security require 2FA for all logins. | |
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Single Sign-On (SSO) Seamless login across platforms with corporate SSO. |
SSO is often offered for enterprise systems clients. | |
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Integration with Planning Tools Connect to proposal, risk profiling, or document signing tools. |
Integration with proposal and risk assessment tools is expected. | |
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Update/Sync Frequency How often external data updates (e.g., balances, transactions). |
No information available | |
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Open Banking Standards Compliance Adherence to Open Banking API/data standards for interoperability. |
No information available |
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Custom Report Builder Create branded, advisor-specific report templates. |
Branded advisor-centric report templates are common in enterprise retirement platforms. | |
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Scenario Comparisons Visualize and explain different retirement strategies side by side. |
Enables scenario visualization and comparison to support plan recommendations. | |
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Export Formats Export reports in PDF, web, and Excel formats. |
Reports are usually available in PDF, Excel and web for plan administrators and clients. | |
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White-Labeling Offer branding options for advisory firms. |
White-labeling is sometimes offered to large advisory clients. | |
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Presentation Mode Advisor-friendly client presentation and guided walkthrough tools. |
Presentation/guided walkthroughs are likely in the advisor toolkit offering. | |
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Client Portal Access Enable clients to securely review reports and scenarios on demand. |
Secure client portal for statement and scenario review is standard in FIS systems. | |
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Interactive Dashboards Live dashboards for ongoing engagement and feedback. |
No information available | |
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Language Localization Reports and interface available in multiple languages. |
No information available | |
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Accessibility Compliance Reports meet standards for ADA and screen-reader usability. |
No information available | |
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Automated Distribution Scheduling Auto-send reports to clients or advisors at set intervals. |
No information available |
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Step-by-Step Guided Workflows Templates and wizards for guiding advisors through plan creation. |
Step by step guided workflows are referenced as plan creation tools in the administration suite. | |
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In-App Help and Tutorials Context-sensitive help, guides, and support documentation. |
No information available | |
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Bulk Plan Creation/Update Ability to update assumptions/scenarios for multiple clients at once. |
No information available | |
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Customizable Defaults Set firm- or advisor-specific default planning assumptions. |
No information available | |
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Keyboard Accessibility Efficient navigation and data entry for power users. |
No information available | |
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Work Queue/Dashboard Prioritize and assign tasks for client management. |
Advisor and administrator workflows include work queue/task prioritization. | |
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Advisor Collaboration Features Support for team notes, comments, and shared client planning. |
Team planning and notes modules are expected in advisor-facing enterprise tools. | |
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Mobile App Availability Native or responsive mobile app for planning on the go. |
Mobile responsiveness is expected for plan administration by both advisors and participants. | |
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Performance Speed Average time to run/report a complex scenario. |
No information available | |
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Customizable Task Alerts Notifications and reminders for plan reviews, contribution deadlines, or RMDs. |
No information available |
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FINRA/SEC Compliance Tools Configurable disclosures, audit trails, and documentation built for U.S. regulation. |
Compliance tools for U.S. retirement law (FINRA/SEC) are integral. | |
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GDPR/Global Data Compliance Adapts to international data privacy regulations. |
FIS operates globally and adapts to international compliance (GDPR) where necessary. | |
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Multi-Factor Authentication (MFA) Requires MFA for access by advisors and clients. |
Multi-factor authentication (MFA) is standard for high-security enterprise financial systems. | |
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Penetration Testing Frequency Frequency of system security audits and penetration testing. |
No information available | |
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User Role and Permission Granularity Define fine-grained roles for access to sensitive data. |
Role-based and granular user permissions are included for sensitive data access. | |
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Data Encryption Level Encryption standard used for all client data. |
Industry standard encryption is present for all client/participant data. | |
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Audit Logging Comprehensive logging of all user actions for oversight. |
Audit logging is vital for compliance and is referenced in compliance monitoring. | |
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Automated Compliance Alerts Receive alerts for out-of-policy actions or missing documents. |
No information available | |
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Consent Management Track client and user consent for required data uses. |
No information available | |
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Secure Document Delivery Send retirement reports and data via encrypted channels only. |
Reports and personal data are delivered through encrypted, secure channels by regulatory requirement. |
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Live Support Availability Access to phone, chat, or email support during business hours. |
Support via phone, chat, or email for enterprise clients is standard. | |
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24/7 Emergency Support Round-the-clock support for critical issues. |
No information available | |
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Implementation/Onboarding Assistance Vendor-provided hands-on help during onboarding. |
Onboarding/implementation assistance is provided for retirement administration systems. | |
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Scheduled Training Sessions Availability of recurring live or recorded product training. |
Training sessions are mentioned in FIS product documentation. | |
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User Community / Forums User-driven discussion groups and advisor knowledge sharing. |
User community and forums exist for FIS enterprise userbase. | |
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Knowledge Base Depth Breadth of searchable documentation and FAQs. |
No information available | |
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Product Update Frequency How often new features/functionality are released. |
No information available | |
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Bug Fix Response Time Average time to fix critical system bugs. |
No information available | |
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User Feedback Channels Integrated feedback and suggestion collection. |
No information available | |
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Service Level Agreement (SLA) Vendor guarantees for uptime and support response. |
Enterprise contracts include SLAs for uptime and response. |
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