Computer Implemented System and Method for Aggregating, Analyzing and Distributing Information Corresponding to Retirement Plans

A computer implemented method for aggregating, analyzing, distributing information corresponding to retirement plans offered to users, said method comprising the following steps:

• a) storing the information corresponding to users, wherein said information includes at least authentication credentials and payroll information corresponding to said users;
• b) associating pre-defined rules with said retirement plans and configuring said retirement plans in accordance with said pre-defined rules;
• c) verifying profiles of said data generated by said payroll module based on said validation rules;
• d) identifying exceptions, said exceptions include said data which fail said validation rules;
• e) segregating said data which carry said exceptions from those that do not carry said exceptions;
• f) correcting said data which carry said exceptions;
• g) re-validating said payroll information with corrected exceptions;
• h) repeating steps c to g until the exceptions are corrected;
• i) forwarding said data for further processing;
• j) identifying and listing, based on customizable eligibility rules, users eligible for being enrolled to at least one retirement plan and automatically sending a notification to the listed eligible users inviting them to get enrolled into said retirement plan;
• k) automatically enrolling the eligible users into at least one retirement plan;
• and
• l) enabling said users to initiate investment transfer selected from the group of investment transfers consisting of transfer of investments between various plans, reallocation of investments within the same plan and rebalancing of investments within the same plan.

A computer program product, comprising a computer usable medium having a computer readable program code embodied therein, said computer readable program code adapted to be executed to implement a method for generating a report, said method comprising:

• a) storing the information corresponding to users, wherein said information includes at least authentication credentials and payroll information corresponding to said users;
• b) associating pre-defined rules with said retirement plans and configuring said retirement plans in accordance with said pre-defined rules;
• c) verifying profiles of said data generated by said payroll module based on said validation rules;
• d) identifying exceptions, said exceptions include said data which fail said validation rules;
• e) segregating said data which carry said exceptions from those that do not carry said exceptions;
• f) correcting said data which carry said exceptions;
• g) re-validating said payroll information with corrected exceptions;
• h) repeating steps c to g until the exceptions are corrected;
• i) forwarding said data for further processing;
• j) identifying and listing, based on customizable eligibility rules, users eligible for being enrolled to at least one retirement plan and automatically sending a notification to the listed eligible users inviting them to get enrolled into said retirement plan;
• k) automatically enrolling the eligible users into at least one retirement plan;
• and
• l) enabling said users to initiate investment transfer selected from the group of investment transfers consisting of transfer of investments between various plans, reallocation of investments Within the same plan and rebalancing of investments within the same plan.