Integrated HR Technology
A major challenge of delivering employee retirement benefits lies in the ongoing administration of the plan. Processing payroll deferrals, managing data and enrollments, handling census data, audits, and reporting – all of these tasks take time and focus away from the strategic functions of your business. Time spent by your staff on administrative tasks takes away from true business value and results in significant hidden costs.
Manage your retirement program with ease with Lyceum ACC.
When you become a Lyceum client, you gain access to our innovative administrative cost control (ACC) technology that gives you necessary integration, automation, and embedded communication tools to make managing your employee retirement plan easier than ever. Lyceum ACC gives you control over your employee retirement plan data and automates the processes of reporting, census gathering, payroll deferrals, and much more. All data is at your fingertips, in the format you need, in real-time – all for less than you’re paying now.
According to Forrester Research, 50% of HR time is spent processing employee information and answering questions. Studies show that the administrative costs associated with HR-related programs can add up to $120 per person, per month, equating to $30,000 per month for an average 250-person organization. With Lyceum ACC, you’ll spend 33-50% less on the hidden administrative costs that are currently weighing down your staff and your program efficiency.
We combine our qualified plan services with our innovative cost control technology to control the costs and reduce the burdens associated with retirement plan administration.
See Lyceum ACC in Action:
