CitiStreet Introduces Next-Generation Web-Based Tools for Sponsors, Participants.Sponsor Connect(SM) Gives Administrators Powerful, Intuitive Query Tools QUINCY, Mass. -- CitiStreet has begun the rollout and development of a new generation of Web-based applications that will give plan sponsors and participants broader and easier access to information about their benefit plans, the company announced at a recent series of customer forums. The enhancements for defined contribution, defined benefit and health and welfare plans are planned over the next twelve months, and CitiStreet has already begun rolling out a new reporting tool on the Sponsor Connect(SM) Web site for defined contribution customers. The enhanced reporting tool provides plan sponsors intuitive, real-time access to a full range of defined contribution plan Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan reports in a familiar Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. environment. "These enhancements are part of the ongoing process at CitiStreet of refining, developing and enhancing technology to improve service for both plan sponsors and their participants," said Sandy McCarthy Sandy McCarthy (Born June 15, 1972, in Toronto, Ontario), is a Mi'kmaq Canadian professional ice hockey player. He plays right wing. Playing career Sandy McCarthy was selected 52nd overall, in the 1991 NHL Entry Draft. , CitiStreet president of retirement services. "Our enhanced Sponsor Connect Web site gives plan sponsors easy-to-understand performance dashboards and business intelligence reporting The preparation and conveyance of information by any means. More commonly, the term is restricted to reports as they are prepared by the collector and as they are transmitted by the collector to the latter's headquarters and by this component of the intelligence structure to one or more , right at their desktops, guarded by the highest levels of security," said Dave Tolve, CitiStreet executive vice president for Web development. Over time, the Sponsor Connect reporting tool will replace all traditional reporting methods currently available for all the services CitiStreet offers. Sponsor Connect provides customers with: * Easy-to-use functionality with Windows-style drag-and-drop capabilities * Access to comprehensive plan and participant data * Real-time ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. custom reporting capabilities * Pre-built 'Dashboard Reports' measuring plan and participant metrics * Online payroll Online Payrolls are services that collect information on hours worked, pay rates, deductions, and other payroll-related data from their clients and use that information to generate paychecks, payroll reports, and tax filings. The internet is a key tool in providing this service. integration for small companies or payroll locations "With the new Sponsor Connect, the design and presentation of queries and reports is limited only by our customers' imagination," said Tolve, who discussed the new features at the customer forums in several major cities in October and November. "This gives plan sponsors the tools to make strategic decisions about their benefit plans without tying up the IT department." CitiStreet is also developing a next-generation plan participant Web site that will advance the Web from just a self-service tool for employees to a powerful communication and decision-support tool. "Our investment in personalization is very far-reaching across our business and a key to our success at providing what we call Direction-for-Life.[TM] Web-based technology is one of those areas where we have made, and will continue to make, innovations and enhancements to help sponsors and participants make decisions in their best interests," said McCarthy. About CitiStreet CitiStreet, one of the largest global benefits delivery firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , is headquartered in Quincy, Mass. CitiStreet has 3,000 employees at offices in Somerset, N.J., Jacksonville, Fla., Lewiston, Maine Lewiston, in Androscoggin County, is the second-largest city in the U.S. state of Maine. The estimated 2007 population was 37,734. It is one of two principal cities of and included within the Lewiston-Auburn, Maine Metropolitan New England City and Town Area and the , Boston and field offices around the nation. It also has a division, CitiStreet Australia, with offices in Sydney, Brisbane and Melbourne. CitiStreet serves more than 11 million participants and administers $200 billion in assets in the United States for defined contribution, defined benefit and health and welfare plans of corporate, government, health care, Taft-Hartley and not-for-profit organizations. It also serves more than 1 million participants and administers about $15 billion in assets outside the United States. CitiStreet is a 50/50 joint venture between State Street Corp. (NYSE NYSE See: New York Stock Exchange :STT STT State Street Corporation (stock symbol) STT Suomen Tietotoimisto (Finnish National News Agency) STT Secure Transaction Technology STT Surface Tension Transfer (welding) ) and Citigroup (NYSE:C). For more CitiStreet information, visit the Web site at www.citistreetonline.com. |
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