ERISA

Efficient Technology Can Level the Pension Professional Playing Field

07.19.2019

How can you as a third party administrator or pension professional compete with the company that is able to take on thousands and thousands more plans than you? With innovative technology, you can match the efficiency and economies of those companies while still being able to provide the more personal level of service that your bigger competitors cannot provide.

Tech platforms are a key difference maker setting apart third party administrators and pension professionals from the competition. A more personalized touch can help with business, but at some point, if your company lags behind in efficiencies and ease of use for the customer, you will lose business.

Key, efficient, tech platforms can provide a more even playing field while saving your company time to be able to focus more on providing the personalized touch your company has used to get this far. Click here to learn more.

Colonial Surety’s Pension Professional Dashboard provides that key efficient tech platform. Our Pension Professional Dashboard lets pension professionals manage, renew, or purchase ERISA fidelity bonds for their customers while not having to worry about any customers or plans falling through the cracks. Everything you will need related to ERISA fidelity bonding is in one place, letting you compete with the big boys!

Colonial Surety Company is a Treasury Listed surety company providing ERISA fidelity bonds packaged with fiduciary liability insurance which includes cyber liability insurance at no extra cost. Colonial is one of the leading providers of ERISA related products, offering bonds approved by the Dept. of Labor. We make it easy to obtain your bond instantly as well as allowing you to purchase retroactive insurance for the years the plan was not previously covered. Pension Professionals can enroll in The Partnership Account® for Pension Professionals. The Partnership Account is a business arrangement between third party administrators and Colonial Surety that simplifies the ERISA bonding process. It can help increase productivity for partners while lowering costs for their plan sponsors.

Pension professionals partner with Colonial Surety to consolidate their plan sponsors’ ERISA bonds into one location and ensure they are United States Department of Labor compliant. Colonial is rated “A” Excellent by A.M. Best Company and is a long tenured member of ASPPA and NIPA.

Click here to learn how to become a Pension Professional Partner.

If you would like to learn more about purchasing an ERISA fidelity bond, or an ERISA Fidelity Bond package including fiduciary liability insurance and cyber liability insurance, click here.