Crews helps users decide which pension election option is best for them, while helping plan sponsors comply with a changing regulatory landscape.
By combining information provided by the plan with the user’s personally provided retirement planning data and assumptions, users can see the impact of their choices.
CREWS provides a proprietary web-based interview, planning and reporting system that allows users to see the impact of their decision over the course of their retirement years, using their personal financial specifics.
In the end, participants and plan sponsors gain from a better communication and opinion of the lump-sum offer, while reducing potential downsides.
How it works.
Tens of millions of perennially under-served individuals and families are often those with the greatest need of advice, because most of them have limited financial means and are therefore the most vulnerable. They are also the least likely to be served by professional financial advisors.
Lump Sum Election Participant Services with rGPS-AI technology
By combining information provided by the plan with the user’s personally provided retirement planning data and assumptions, users can see the impact of their choices.
CREWS provides a proprietary web-based interview, planning and reporting system that allows users to see the impact of their decision over the course of their retirement years, using their personal financial specifics.
In the end, participants and plan sponsors gain from a better communication and opinion of the lump-sum offer, while reducing potential downsides.
How it works.
- The plan sponsor makes The Participant System available to those being offered a lump-sum.
- Participants are given access to the online system and other resources. They can then enter their retirement information and receive their analysis, confidentially.
- A comprehensive report showing the differences between the options, and their potential impact upon the participant’s retirement plans, is provided, free from product recommendations and sales pitches.
Tens of millions of perennially under-served individuals and families are often those with the greatest need of advice, because most of them have limited financial means and are therefore the most vulnerable. They are also the least likely to be served by professional financial advisors.
Lump Sum Election Participant Services with rGPS-AI technology
- Lump Sum vs Pension Analysis – CREWS system allows participants to determine confidentially which option is best for them using their own retirement information
- Education – Both Qualitative and Quantitative, Personal and Impersonal –for all participants receiving offers.
- Specially trained DB Advisor Network (Experienced with DB plan issues, lump sum election offers from de-risking plans, retiree planning issues, and the latest legal and regulatory requirements)
