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Employment/Retirement Benefits Administration Services

MccoyMS

The rapidly growing area of Wealth Management, in particular the Retirements and Benefits Administration sub-segments are undergoing dynamic changes as traditional service providers consolidate and financial firms re-position to take advantage of the fundamental shift from retirement planning (accumulation) to retirement management (income and risk management).

Benefit Administrators face the challenge of efficient and cost-effective on-boarding experience for new customers but at the same time need access to quality and on-demand trained resources, resulting in escalating servicing cost per participant. Third party administrators (TPA) and record-keepers are constantly challenged by costs, complexity, and technology requirements to manage benefits administration efficiently.

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