Press Releases

CMC Interactive Launches Outsourcing Service for 401(k) Providers; SunGard to Provide Technology to Support Offering

May 11, 2009 — New York, NY

CMC Interactive, a leading New York City-based retirement plan provider, has announced CMC Outsourcing for firms servicing 401(k) and other types of qualified retirement plans.  The program offers customers a broad array of service options for recordkeeping, plan administration, and registered investment advisory services.  

CMC Outsourcing customers may elect one or more service tiers covering daily recordkeeping, trading and reconciliation, payroll and contribution processing, compliance testing and reporting, plan sponsor and participant web interaction, call center support, and access to investment advice. The company will provide services through its U.S. offices.

CMC uses SunGard’s Relius Administration platform for recordkeeping, plan administration, and as the base architecture for its customized Web portal for plan sponsors and participants.  SunGard’s industry-proven technology infrastructure will provide CMC with the high-volume processing support required for outsourcing services.

CMC’s co-founder and principal Michael Calandra said, “Customers of this service will be able to focus on building their consulting practices and enhancing customer relationships instead of concerning themselves with the operational details of recordkeeping and plan administration. We think it is a very progressive model.”

Kevin Rafferty, president of SunGard’s wealth management business, said, “Today’s economic climate is putting increased pressure on 401(k) providers to effectively service their clients while meeting the expectations of investors.  SunGard’s Relius technology solution helps CMC offer cost-effective, customized services that meet the needs of their clients.”

About CMC
CMC Interactive, LLC is an award-winning third party administrator exclusively focused on retirement plan solutions. CMC coordinates customized plan design and implementation, along with high quality recordkeeping, administration and investment advisory services. Our experienced professionals focus on delivering superior technology and personalized service to clients nationwide. For more information, visit cmcinteractive.com <http://www.cmcinteractive.com/> or call 1-888-828-1341.

About SunGard’s Relius
An integrated retirement plan recordkeeping solution, Relius is used by third-party administrators, banks, insurance companies, CPAs, and corporations across the U.S. Relius supports a variety of plan types, with capabilities that encompass creating illustrations for plan proposals, plan document generation, recordkeeping and government forms reporting. With Web-based sponsor and participant interactions and process automation, Relius helps simplify administrative tasks, eliminate redundancy in processes and cultivates staff expertise through a range of pension-related educational products and seminars.

About SunGard
SunGard is one of the world’s leading software and IT services companies.  SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.

SunGard provides software and processing solutions for financial services, higher education and the public sector.   SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times.  For more information, please visit SunGard at www.sungard.com.

*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com

Trademark Information:  SunGard, the SunGard logo and Relius are trademarks or registered trademarks of SunGard Data Systems, Inc. or its subsidiaries in the U.S. and other countries.  All other trade names are trademarks or registered trademarks of their respective holders.