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se2 Brings 403(b)connect to the Marketplace; Offers Complete Solution to 403(b) Regulations Compliance

TOPEKA, Kan., July 15 /PRNewswire/ -- With the Jan. 1, 2009, deadline for implementation of new IRS regulations for 403(b) plans looming, a number of product providers are choosing to exit the market due to the cost and complexity associated with compliance. Now, se2 (service.end2end), a provider of business technology and processing solutions for the financial services and retirement planning sector, is introducing 403(b)connect, a fully automated 403(b) solution to help product providers comply with new IRS regulations.

TOPEKA, Kan., July 15 /PRNewswire/ — With the Jan. 1, 2009, deadline for implementation of new IRS regulations for 403(b) plans looming, a number of product providers are choosing to exit the market due to the cost and complexity associated with compliance. Now, se2 (service.end2end), a provider of business technology and processing solutions for the financial services and retirement planning sector, is introducing 403(b)connect, a fully automated 403(b) solution to help product providers comply with new IRS regulations.

"403(b)connect is the answer many providers have been looking for," said Eric Rea, president of se2. "It's a low-cost solution, available immediately and very quick to implement."

403(b)connect gives mutual fund, fixed, and variable annuity product providers the ability to identify, connect and aggregate their 403(b) accounts, both mutual fund and annuity contracts, to help meet regulatory compliance requirements of the new 403(b) regulations and the ability to interface with plan sponsors and third party administrators. 403(b)connect includes customer service interfaces, transaction validation, audits and plan reporting, without the need for costly upgrades to legacy administrative platforms or time consuming conversions.

The solution is unique in part because it incorporates se2's extensive experience in providing business process outsourcing (BPO) services in the 403(b) market. This experience in 403(b) regulations, services and compliance solutions was instrumental in developing the framework for the platform's design and functionality.

"The rules based 403(b)connect solution employs some of the best attributes of leading edge technology, including Service Oriented Architecture (SOA) and Software as a Service (SaaS)," said Robert Stanley, manager and head of se2's Technology Innovation Center.

se2's 403(b)connect requires minimal IT support and can be implemented with no changes to legacy platforms. The solution is ideal for providers who believed there was no viable solution in the marketplace, especially one that would be thoroughly compliant and also simple, quick and inexpensive to implement.

"This fully automated solution provides product providers in the 403(b) market a complete suite of software tools to help them meet the new rules of regulatory compliance. We believe our new platform is the only fully independent compliance solution in the marketplace today," Rea said.

For more information about 403(b)connect, contact Tom Spencer at 785-438-3350, or visit our website at www.se2.com.

About se2

se2 provides business technology and processing solutions for the financial services and retirement planning sector. se2 offers service end-to-end for life and annuity processing with an award-winning state-of-the-art technology platform and an astute understanding of regulatory compliance issues unique and specific to the financial services industry. se2's life and annuity acumen, coupled with its dedicated processing capabilities, places it in the forefront of the business processing outsourcing (BPO) industry. se2 inc. is a subsidiary of Security Benefit Corporation, a financial services holding company. For more information about se2, please visit us at www.se2.com.

SOURCE se2

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