CUNA Mutual Retirement Solutions has launched PlanOnTarget, a major business expansion that will provide advisors, plan sponsors and third-party administrators with enhanced technology capabilities, including an upgraded website and leading-edge record-keeping and data management capabilities.
PlanOnTarget delivers several new efficiencies for advisors, such as an online summary of an advisor’s book of business, easy navigation between plans and enhanced analytics. New self-service dashboards enable easier plan management, including benchmarking, plan design, retirement readiness, and financial and investment performance.
Plan sponsors will also see a cleaner and more intuitive website, making it easier to quickly manage their plan. Adding employees and approving withdrawals can be easily accomplished with just a few clicks. The data-driven program provides more robust reporting for advisors and plan sponsors.
PlanOnTarget is part of an ongoing multi-million dollar investment in CUNA Mutual Retirement Solutions’ technology and digital capabilities and comes on the heels of the new BenefitsForYou mobile app released in January.
On 3 August, it was announced the company had contracted with FIS to provide record-keeping, data processing and operational processes for CUNA Mutual Retirement Solutions’ retirement plans, including PlanOnTarget.
“We are expanding the same industry-leading technology used to deliver our participant-focused programs, such as RetireOnTarget and providing it to plan sponsors and advisors,” says Paul Chong, senior vice president, CUNA Mutual Retirement Solutions. “Our ongoing investment in our digital capabilities only reinforces our long-term commitment to the retirement business.”
The new technology is now available and included with new plans at no additional cost.