Pension Administrators

Pension administrators perform various types of yearly service on an organizational retirement plan, such as a 401(k), profit sharing plan, defined benefit plan, or cash balance plan. Increasingly, technology is playing a growing role in the pension administration business. For example, many complicated actuarial calculations and statistical tests previously undertaken by hand are now managed through software applications. Many business management tools are also now available to provide for workflow management and efficient client communication. Additionally, many activities that required mailing physical documents are now performed electronically through secure web connection. With pension administration being such an important and complex function, many organizations will not even consider contracting with a pension administrator if they do not have a SSAE 16. The SSAE 16 audit provides transparency into the pension administrators’ internal controls.

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SSAE 16 Professionals has assembled top tier leadership to help our clients through the SSAE 16 (SOC 1) and SOC 2 audits.  For further information regarding SSAE 16 reports or to request a fee proposal from SSAE 16 Professionals, please visit our Contact Us page  to submit an informational form or call 866.480.9485 today.  We look forward to hearing from you!