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Tool Guards Against Retirement Sponsor Errors

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The retirement services arm of Standard Insurance Company has introduced the Web-based Compliance Data Review system.

The system can help employers prepare retirement plan data for annual reporting and compliance testing by automatically flagging missing or invalid data when users add or update information, according to Standard, a unit of StanCorp Financial Group Inc., Portland, Ore.

Plan sponsors can restrict access to the review system to specific members of their staff, Standard says.

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