Why ABL Tech Stands Out in Mortality Verification Services
Maintaining accurate participant data is paramount for any pension plan administrator. Mortality verification also known as a death audit – the process of verifying deceased participants – play a crucial role in ensuring financial integrity and preventing fraud. But with various mortality verification service providers, how do you choose the best for your plan? Why […]
The Hidden Cost of Bad Pension Data
Did you know millions have been sent to deceased pension plan participants? Shocking, right? But this is just the tip of the iceberg when it comes to the hidden costs of bad pension data. In today’s dynamic world, keeping participant information accurate and up to date is a constant battle for pension plan administrators. Here’s […]
Why Every Pension Plan Needs a Comprehensive Mortality Verification Service
In the ever-evolving world of finance, accuracy reigns supreme. For pension plans, maintaining up-to-date participant information is crucial. Yet, a surprisingly straightforward task – verifying a participant’s mortality – can become a hidden liability. This is where comprehensive mortality verification services step in, offering a powerful solution to a potentially costly problem. The Challenge: The […]
Data Concerns and Mortality Verification in Pension Administration
Pension administrators play a vital role in safeguarding the financial future of countless individuals. This responsibility extends to protecting the sensitive data entrusted to them, a task that can feel increasingly complex in today’s digital landscape. The need for data security is paramount. Pension plans often house a wealth of sensitive information, including Social Security […]
Enhancing Pension Plan Integrity Through Mortality Verification: Insights from the PBGC
In the meticulous world of pension plan management, maintaining up-to-date and accurate participant records is not just a matter of administrative diligence—it’s a legal and financial necessity. The process of ensuring these records accurately reflect the current status of plan participants, especially in terms of life or mortality, is a complex one, heavily influenced by […]
