DALLAS, Jan. 12, 2015 /PRNewswire/ -- Today Custodia Financial announces the addition of retirement industry expert John Steinmeyer as Chief Technology Officer. He brings experience managing large global teams and delivering innovation, with a focus on customer needs and product quality. This appointment is effective immediately and Mr. Steinmeyer will report to Tod A. Ruble, Custodia's Chief Executive Officer.
This addition to the senior team reflects the industry's growing adoption of Custodia's proprietary Retirement Loan Eraser (RLE)™ program, the only available solution to prevent leakage and improve retirement outcomes by reimbursing defaulted loans. Mr. Steinmeyer's background with information technology in the retirement sector spans entrepreneurial startups to large, thriving businesses, a path Custodia is now quickly travelling.
Mr. Steinmeyer, recognized early on for his technical and leadership skills, has assumed ever increasing levels of responsibility in building industry leading software solutions for the U.S. retirement plan market. Most recently, he served as a vice president for SunGard Relius, where over the course of 22 years he built and managed a global team. In addition to building a premiere Recordkeeping and Compliance system, he also led such efforts as a migration to HTML5 technology, development of web services to facilitate easy system integrations, development of an integrated workflow system and migration of windows based systems to hosted ASP model web platforms.
Prior to that Mr. Steinmeyer built industry leading participant, plan sponsor and advisor web portals, used by hundreds of prominent firms in the retirement industry. "Custodia Financial's commitment to a simple, actionable solution preventing retirement leakage will enable us to continue to enhance retirement outcomes," Steinmeyer said.
"We look forward to utilizing John's operations and technology expertise to ensure a simple and smooth market integration of RLE to Custodia's rapidly growing pipeline of customers,"said Tod Ruble, CEO of Custodia Financial. "With this type of momentum it was necessary to find best-in-class talent to meet our high standard of execution."
"Our technology is an important foundation for everything we do to help plans, providers and advisors continue to evolve and further serve participants' needs," Ruble added. "The CTO role is critical for us to maintain confidence throughout the market adoption of our technological innovation which many expect to become industry standard."
Mr. Steinmeyer's new role will support the firm in continuing on a path of innovation to deliver solutions and functionality within the Retirement Loan Eraser program. Retirement Loan Eraser is available to the market in partnership with providers whose plans choose to adopt loan protection to safeguard their plans and participants.
Retirement Loan Eraser is tax and regulatory compliant and has been endorsed by many of the industry's leading benefits attorneys and advisors.
About Custodia Financial
Headquartered in Dallas, Texas, Custodia Financial is an innovator dedicated to improving retirement outcomes. The company is a collaboration of industry experts with a history of successfully launching attractive new products into defined contribution platforms.
Custodia spent four years developing its proprietary Retirement Loan Eraser™ program. Designed to prevent retirement leakage caused by involuntary loan defaults, Retirement Loan Eraser ensures tax and regulatory compliance to effectively meet the needs of participants, plan sponsors and plan providers. www.custodiafinancial.com or 214.393.3511
SOURCE Custodia Financial