Now, more than ever, retirement plan recordkeepers are under pressure and looking for peace-of-mind. With proposed federal oversight, enforcement, and increased plan sponsor scrutiny, recordkeepers are seeking effective ways to mitigate risk, pre-empt intrusive regulations, and enhance quality assurance.
In response to these pressures, the recordkeeping industry is dedicated to pre-empting federal oversight by promoting self-regulation and conforming to the highest standard of practices through the ASPPA Recordkeeper Certification.
As an advisor to the task force that developed the Recordkeeper practices, Roland|Criss established the audit methodology and was recognized as the implementer of the certification program. The Recordkeeper Practices form the basis of establishing a quality management system throughout the enterprise. Roland|Criss fulfills the critical role of preparing, assessing, and monitoring Recordkeepers’ adherence to the practices.
| Today, certified recordkeepers are benefiting in the following ways: |
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Industry Leadership - inclusion in the industry’s self-regulation movement. |
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Public Confirmation - instills trust within the organization and among its clients. |
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Commitment to Stakeholders - annual audits evidence adherence to standards and continuous improvements. |
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Seal of Excellence - the mark conveys an identity of excellence. |
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Effective Risk Management - reduces the impact of future liability claims. |
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Competitive Differentiation - meets plan sponsors’ demand for quality assurance. |
For an online demonstration of the ASPPA Recordkeeper certification please Contact Us.
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| TESTIMONIALS: |
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| “An ASPPA task force developed practices against which certification assessments are conducted. During the development phase, we asked the Center for Fiduciary Excellence (“CEFEX”) and Roland|Criss to assist us. Initial assessments are conducted by Roland|Criss …CEFEX will serve as the registration body for ASPPA certification.” |
Brian H. Graff, Executive Director and CEO
American Society of Pension Professionals & Actuaries |
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| “The areas that ASPPA’s recordkeeper certification tests give us independent assurances and help us monitor the issues that pose the greatest risk to us and our plan’s participants.” |
Lee Lichtenstein, President
amsource® |
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| “The ASPPA certification is a testament to the talent and diverse expertise of our staff…our goal is to continue our heritage, while meeting the demand for both employers and employees.” |
John Blossom, President & CEO
Alliance Benefit Group of Illinois |
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| “The ASPPA certification is a major step in our continuing goal to meet the highest standards required by Plan Sponsors and Investment Fiduciaries. For the near future, we envision this certification giving us an advantage over recordkeepers that are not able to meet the requirements. However, it won’t be too long until ASPPA certification will become the standard just to be considered as a service provider.” |
William C. Presson, QPA, QKA, Vice President
Benefit Consultants, LLC |
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| “Slavic has won many RFP’s recently, and we can attribute our success due in part to our CEFEX certification. Since Slavic operates as a broker/ dealer, an investment manager, a TPA and an advisor, we also believe the CEFEX process has helped improve the accountabilities within our organization. The better delineations between our disciplines has helped sustain improved corporate performance.” |
John Slavic, President
Slavic 401k, Boca Raton, FL |
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