Tech Tools

Reg Tech Tools

ERISA Rollovers (DOL PTE 2020-02) and Reg BI (with Reasonable Available Alternatives)

ERISA Rollovers (PTE 2020-02)

Collect the rollover plan expenses
Determine the destination portfolio
Document the reasoning for the rollover
Produce documented output for scanning into your current process

Reg BI with Reasonable Available Alternatives

Allow Financial Professional to select reasonable available products (provide choice and empowerment and decentralized risk)
Or enable system to provide reasonable available products (provide systemic controlled solution with centralized risk)
Look across product categories, because reasonable doesn't always mean in the same product type
Document your rationale for the selection
Produce output that can be stored in your existing repositories
We don't capture duplicate information, such as risk tolerance, which can only get you in trouble