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Products April 30, 2014
Trust Builders to Revamp TRAK Software
Retirement planning software provider Trust Builders, Inc. is partnering with employee benefits and compliance expert Kristi Cook on the next release of The Retirement Analysis Kit (TRAK) system.
Reported by PLANADVISER staff
The TRAK software system is used by advisers working with variety of defined contribution (DC) plan clients, including 403(b)s, 457s, and 401(k)s.
Ed Dressel, president of Trust Builders, says Cook is serving in an advisory capacity and lending legal and compliance expertise during the development of the TRAK update. Trust Builders hopes the partnership will help the firm provide advisers with more robust tools to address common challenges faced by DC plan clients.
TRAK includes more than 20 illustration tools that can help advisers assess participant income needs and design solutions to bridge projected income gaps. Other TRAK features include paycheck analysis and a new Social Security timing tool that can help participants decide when to apply for Social Security payments.
Cook is a practicing attorney with almost 40 years of experience in employee benefit matters. She is a graduate of Northwestern University and received her J.D. from the Chicago-Kent College of Law. She was formerly counsel to the National Tax-Deferred Savings Association (NTSA), a nonprofit organization that provides education and legislative updates to its members on the law and compliance issues.
More information on the TRAK update and the Trust Builders firm is available at www.AskTRAK.com.