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MINNEAPOLIS, April 20, 2022 /PRNewswire/ — PBI Research Servicesthe leading provider of death locating and auditing services, today announced the expansion of the capabilities of CertiCensusthe industry’s first proactive single-source pension population management solution to help pension plans reduce costs, eliminate overpayments, ensure regulatory compliance and mitigate cybersecurity risks .

PBI Research Services (PRNewsfoto/PBI Research Services)

Platform features now include new automated reports and dynamic member data updates, providing increased visibility to plan sponsors for more accurate and efficient member management. This release of the product provides customers with an unprecedented level of information and data accuracy. This changes the way pension funds manage their membership base – removing the significant burden and time allocation that pension funds experience today.

CertiCensus offers continuous participant monitoring for up-to-date census data, comprehensive reporting, and a full audit trail. This complete population management solution includes: identification of deceased persons with 95% accuracy vs. industry averages of 70%locate missing participants and/or beneficiaries, update personal identification information (PII), send required communications to participants, and manage all returned mail.

“This time of year is critical for plan sponsors because annual funding notices not only require a lot of administrative work, but bring to light inaccurate plan member data, which ultimately leads to too many -expensive paid and complex efforts to locate participants and beneficiaries,” said John Bikus, president of PBI Research Services. “With CertiCensus, our customers have an end-to-end solution that helps plan sponsors better manage their resources to extend the life of their plan while delivering much-needed efficiencies. And the expanded capabilities provide an extra level advantages.”

Today, without a single source of data, pension plans often rely on a variety of service providers or internal processes, using disparate data sources and information to manage their participant base. These efforts can be costly, time-consuming, result in missing participants/beneficiaries and unidentified deceased persons, lead to increased cybersecurity threats, and often fail to meet DOL compliance.

To learn more or to estimate potential savings with PBI’s overpayment calculator, visit www.pbinfo.com.

About PBI Research Services
PBI Research Services is the leading provider of proactive pension plan management, including death verification, locator services and uncashed check management. With the largest team of experts in the industry, PBI delivers exceptional data accuracy through artificial intelligence, 26,000 built-in databases, proprietary processes, 40 years of best practices, and human expertise. PBI has helped thousands of clients, including some of the largest pension plans, insurance companies, third-party administrators and financial institutions, save more $100 million in overpayments, minimize fraud, meet compliance regulations, and locate participants and payees. Learn more at www.pbinfo.com.

Media Contact
Michelle Griffith
Bellmont Partners
612.255.1123
[email protected]

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SOURCE PBI Research Services