System and methods for enrolling participants in voluntary benefit plans
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United States of America Patent
Stats
-
N/A
Issued Date -
Feb 3, 2005
app pub date -
May 21, 2004
filing date -
May 21, 2003
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method for enrolling participants in a retirement plan simplifies election decisions necessary to enroll in the retirement plan and encourages retirement savings through use of the retirement plan. An enrollment form is provided to participants, the enrollment form includes a convenience election option whereby if the participant selects the convenience election option then does not specify the allocation of investments into funds. The enrollment form is processed and if the convenience election option is selected the participants contributions are allocated into funds based on the expected retirement age of the participant.
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Family
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