Blue Ridge ESOP Associates Industry News

Top 10 Reasons you need ESOPConnection

Posted by Tom Roback, Jr.

Feb 2, 2015 1:55:39 PM

esopconnection_logoSuper Bowl Sunday is an American tradition we all enjoy. ESOPConnection™ is becoming another American tradition ESOP companies enjoy. Blue Ridge ESOP Associates was first to market with a custom on-line tool for ESOP companies. ESOPConnection™ continues to get more useful.

Here are 10 reasons you should invest in ESOPConnection™:

10) ESOPConnection™ was developed to fully automate Plan administration making life easier for everyone who manages an ESOP and 401(k) plan. Review, approve and archive plan records electronically. Manage administrative processes and reports on-line: summary of accounts, allocation, compliance testing, e-beneficiary elections, e-distributions, e-diversifications, and much more.

9) Making ESOPConnection™ available for your employee-owners sends a message that they are important in determining the long-term success of your ESOP company. This interactive tool can help you attract and retain the best and brightest to your enterprise.

8) ESOPConnection™ is secure with various login authentication options available.

7) Go green with ESOPConnection™ by eliminating the time and cost of paper mailings (e.g. statements, Summary Annual Report, and other required communications to employees).

6) Full ESOP and 401(k) information can be housed on ESOPConnection™ with easy access for key company personnel and Plan auditors. This can reduce unnecessary communications and delays.

5) 401(k) statements, distribution instructions, reports, FAQs, Summary Annual Reports, SPDs and other 401(k)-related functions are available on ESOPConnection™ too.

4) ESOPConnection™ is suitable for new or mature ESOP companies. This tool will be branded with your company logo and personalized messages including individual videos.

3) Implement cost-effective, custom employee communications for your employee-owned company. You should keep your employee-owners informed with 24x7 access to view their ESOP and 401(k) account details, projected balances at retirement age with a user-friendly calculator, custom FAQs for YOUR Plans, electronic forms to reduce incomplete hard copy problems, all plan documents, ESOP-related games, automated guess the stock price contests, ESOP orientation information and other company news. ESOPConnection™ has all of this functionality and even more.

2) Habla Español? Spanish translation is available at no extra cost. The Spanish toggle on ESOPConnection™ helps ESOP companies ensure that all of their employees speak ESOP!

1) According to a recent U.N. study, more people have mobile phones than working toilets. The trend of mobile access will continue to increase, so ESOPConnection™ is now mobile-ready on over 30 different devices. Plan participants with compatible devices can now complete beneficiary forms, on-line distribution elections, and access their ESOP account statement on their mobile device. The mobile version of the site adapts to the screen size of the device, and utilizes media query technology to dynamically set the display for the best mobile experience possible.

Blue Ridge ESOP Associates was proud to be the first-to-market with an interactive on-line portal for ESOP participants, and we always aim to lead with superior technology. Future enhancements will aim to develop mobile-ready support for administrative tools as well as mobile alerts and text notifications.

Our technology team has led our industry for decades and we will continue to listen to our clients to make ESOPConnection™ even more useful in the future.

Let us show you today why you should invest in ESOPConnection™ for your company.




Topics: ESOPConnection

Experience the Leader in Personalized ESOP & 401(k) Administration

Blue Ridge ESOP Associates can provide everything you need to administer your ESOP, 401(k) or combination ESOP/401(k) plan. Our full service outsourcing, which can include participant on-line services, provides worry-free  assistance for your HR or Benefits staff, leaving them free to concentrate on other responsibilities.

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