We know that our clients are at the foundation of our success and it is our job to help them strengthen their products, services and portfolios. Whether you are a corporation, financial firm or 401(k) provider, see how our mapbenefits™ platform can help you.
Corporations are either administering their own plan or have outsourced the plan administration to a third party. With mapbenefits™, companies can:
1) significantly enhance their in-house capabilities of administrating their own plan or
2) embrace the administration themselves and pivot away from having their plan managed and controlled by a third party
mapbenefits™ empowers companies to create, control and customize their own administrative solution which will deliver more value to plan participants while reducing risk and cost for the company.
Financial firms with client relationships often have to partner with a third party to administer the plan. This results in reduced income, sharing of a client relationship and increased risk. With mapbenefits™, the financial firm can either:
1) administer the plan themselves effectively increasing their income, regaining 100% control over the client relationship and controlling all service deliverables or
2) partner with mapbenefits™ for plan administration
Most 401(k) providers and asset managers overlook the executive deferred compensation plan as an opportunity to increase income and provide client value. This is driven by lack of knowledge in this space and more specifically, no access to a platform for administering non-qualified plans.