Investment administration system

Details Investment administration system Investment administration system

1996-08-02

1998-07-07

Fridie, Jr., Willmon

Printed matter

Banking

283 67, 235379, B42D 1500

Patent

active

057757348

ABSTRACT:
An investment administration system including a qualified money purchase plan is disclosed. The investment administration system accepts only after-tax employee contributions, direct and conduit rollovers from qualified plans and direct transfers from other qualified plans. The investment administration system does not accept employer contributions. A licensor is the central hub of the investment administration system. The licensor licenses institutional licensees, such as banks, and individual licensees, such as brokers, to market the investment administration system. The licensor provides the functions of a plan administrator/trustee for the investment administration system, provides marketing tools and information, generates standard forms, licenses the use of service marks and provides technical assistance to the licensees. Employers adopt the investment administration system through an institutional licensee or individual licensee, or become an employer licensee of the licensor. Each licensee may restrict the investment vehicles accessible to the employers of an employee to make the investment administration system more attractive to prospective participants.

REFERENCES:
patent: 4750121 (1988-06-01), Halley
patent: 5206803 (1993-04-01), Vitagliano

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