401kLoans Releases New Calculations & Documents Module
ST. CLOUD, MN, August 24, 2006 -- 401kLoans, LLC announced the release of its new lending calculations and documents module, called Calcs & Docs, which will enable third party administrators, recordkeepers, and plan sponsors to create and print compliant document sets with accurate calculations. The new Calcs & Docs module reduces compliance risk for users and integrates with the customer's existing loan origination platform, thereby eliminating the need to retrain staff on new processes.
401kLoans, LLC will feature Calcs & Docs at the upcoming Schwab Users Conference in late August.
By integrating Calcs & Docs with existing systems and processes, recordkeepers and third party administrators can leverage the compliance expertise of 401kLoans, LLC. The module's calculations and compliant document sets are available for both 401(k) loans and 403(b) loans.
"The Calcs & Docs module provides what we do best, compliance and automation, freeing users to concentrate on what they do best, serve their customers," said Chuck Rau, Chief Executive Officer of 401kLoans, LLC. "This new solution speaks to our commitment to serving the diverse needs of our customers across the country with the highest quality loan origination and documentation offerings."
About 401kLoans, LLC
Headquartered in St. Cloud, MN, 401kLoans, LLC is an innovative provider of qualified plan loan origination and documentation systems. More than a software company, 401kLoans, LLC has a strong legal team dedicated to analyzing federal and state laws and regulations pertaining to retirement plan lending, and building this expertise into efficient solutions for customers.
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