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CUNA Mutual Retirement Solutions Taps FIS to Provide Plan Recordkeeping and Operational Services
August 03, 2017
- FIS to provide recordkeeping, reporting and data management for CUNA Mutual retirement plans.
- CUNA Mutual will leverage the advanced capabilities of the FIS OMNI platform along with CUNA Mutual’s newly developed digital and mobile experience as part of a major program initiative to provide its customers with a range of enhanced capabilities.
JACKSONVILLE, Fla., Aug. 3, 2017 – FIS™ (NYSE: FIS), today announced a contract to provide recordkeeping, data processing and operational processes for CUNA Mutual Retirement Solutions’ retirement plans.
Under the multi-year agreement, CUNA Mutual Retirement Solutions will leverage the advanced capabilities of the FIS OMNI platform as part of a major program initiative called PlanOnTarget™. The program will provide CUNA Mutual’s advisor partners, plan sponsors, third-party administrators and participants with enhanced recordkeeping, reporting, and data management capabilities, including an improved website and mobile app.
“Our mission is to help people achieve retirement on their terms,” said Paul Chong, senior vice president, CUNA Mutual Retirement Solutions. “This initiative will allow us to focus on our strengths, invest in our resources to create a customer experience that differentiates us in the market, and reinforce our long-term commitment to the retirement business.”
“Retirement providers are facing a multitude of challenges ranging from providing a superior client experience and dealing with changing regulatory requirements to attracting and retaining the best employees.” said Mike Rogalski, head of Wealth and Retirement for FIS. “Our work for CUNA Mutual provides them with a strong, scalable platform upon which to continue growing its business, while helping plan participants achieve their retirement goals.”
FIS, through its OMNI and Relius platforms, administers more than $3 trillion of assets for approximately 53 million participants on more than 400,000 plans. FIS offers retirement plan service providers a range of options, from a full outsourced model to management of specific components of their business.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.
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