How to choose the best pension software for your organization_

1. How to choose the best pension software for your organization? By Congruent Solutions © 2020-2021 All Rights Reserved, No part of this document should be modified / used without prior consent. Congruent Solutions

2. A pension administration software is a fully integrated, browser-based software system with inclusive functions for pension benefits. It performs different types of yearly retirement services for an organization, such as retirement savings and investment plan (401K), form 5500 filing shared profit plan, defined benefit plan, and cash balance plan. Pension administrative software vendors play a vital role in reducing manual work. It protects the data with regular backups by providing seamless customer service. Here, we have discussed how to choose the best pension planning software for your organization considering these pain points. ● Focusing on short term and long term needs: © 2020-2021 All Rights Reserved, No part of this document should be modified / used without prior consent. Congruent Solutions

3. Retirement and pension management software needs to be beneficial for the long-term and short-term objectives of the organization. The progress should be simplified and customized to client care. Since installing a new pension software requires investment before opting for the right software, you must find a long-term benefit in the investment. ● Easy self-service: The pension administrative software should be easy to access with mobile to this growing digital era. Pension administrative software vendors should deliver the benefits of easily customizing their retirement goals and managing the investment risks. Guiding them and making them aware of the process makes it easier for the pension administration software provider and reduces the work process. ● Flexible mobile solutions: © 2020-2021 All Rights Reserved, No part of this document should be modified / used without prior consent. Congruent Solutions

4. The pension administration software vendors should be providing versatile solutions even on cell phones and tablets. In this way, it’s easier to update any personal information without requiring any help from the administrator. ● Interactive features: The pension administrative software is built-in with an interactive feature that includes data entry automation with electronic interfaces, managing data, and administering the benefits efficiently. ● Provides support: The pension administration software vendor should provide support for ongoing maintenance and updates. The vendor should train the user, especially when using the software first time. © 2020-2021 All Rights Reserved, No part of this document should be modified / used without prior consent. Congruent Solutions

5. ● Secured data: The pension administration software vendors should guarantee data encryption and intrusion prevention. There should be restrictions on who can and cannot access the data. There should always be a backup of your data. This software handles sensitive information with encryption. Choose the right software for your organization by considering the pain points. Congruent offers the best 401k plan compliance testing, retirement and pension management software that simplify the retirement savings process with data encryption and intrusion prevention. © 2020-2021 All Rights Reserved, No part of this document should be modified / used without prior consent. Congruent Solutions