KANSAS CITY, Mo., Aug. 2, 2016 /PRNewswire/ -- DST Systems (NYSE: DST), a leading global technology, strategic advisory, and operations outsourcing company, today announced the implementation of a streamlined enrollment functionality on its TRAC recordkeeping platform that allows eligible plan participants to enroll in their retirement plan in as little as 2 clicks.
This enhancement to the current enrollment platform offers an even faster pathway for hesitant or time-pressed employees, allowing them to quickly navigate enrollment, deferral, and investment selections in the plan. The new streamlined enrollment can be leveraged in both the traditional and mobile versions of the DST TRAC web applications.
DST anticipates the simplified enrollment process will help improve plan participation and increase assets under management for retirement clients by simplifying the process for eligible plan participants who otherwise may not have enrolled in the program.
"We have always provided a robust guided enrollment experience," stated John Geli, President of DST Retirement Solutions. "With this new enhancement, we are able to capture potential plan participants, especially millennials, who know they want to be in a plan, but want an easy process to complete enrollment. We see this added capability as an exciting and valuable new path to retirement readiness for participants, plan sponsors and advisors.
Research regarding the enrollment experience was conducted in association with DST and the Oculus Partners, LLC. The research included interviews with actual plan participants to identify requirements for the new streamlined enrollment. The findings concluded that a major obstacle to enrollment was the perception that the process could be intimidating and time consuming. During the design process, DST used the insights gained from the research and interviews to improve overall customer experience by developing this new streamlined enrollment process.
Geli confirmed DST's commitment to its industry-leading recordkeeping platform by adding, "Streamlining the enrollment experience is just another example of our continued investment in our recordkeeping platform to improve the overall client experience."
DST Systems, Inc. (NYSE: DST) is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. We enable clients to transform complexity into strategic advantage by helping them continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements in the world's most demanding industries. For more information, visit the DST website at www.dstsystems.com.
Laura M. Parsons
DST Global Public Relations
+1 816 843 9087
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SOURCE DST Systems, Inc.