Record Keeping

Summit offers an open architecture recordkeeping system that allows investment advisors and plan sponsors to choose from over 15,000 mutual funds and Exchange Traded Funds.  All recordkeeping is performed with state-of-the-art Relius Administration software, a licensed product of Corbel, providing an integrated solution for automated recordkeeping, compliance testing and reporting.  Relius is a comprehensive, multi-tooled approach to recordkeeping and pension administration for daily-valued and balance-forward retirement plans.   Summit ensures a high level of client confidentiality, and we closely monitor quality control through our administrative services.   Our user-friendly recordkeeping system offers an online service for financial advisors, plan sponsors, and plan participants to manage and access accounts 24 hours a day, 7 days a week, and 365 days a year.  To the right is a list of enhancements received by using our recordkeeping platform.

Services list

• Daily Valuation
• Open Architecture – over 15,000 mutual funds
• Exchange traded funds
• Quarterly Statements mailed to a participants home
• Participant and Plan Sponsor Internet Access
• Participant Investment Changes/ Transfers Made at Any Time
• Administrative Form Packages
• Online Payroll Remittance
• Processing for Distributions, Loans & Terminations
• Customized Enrollment and Education Kits
• IRS Reporting of Form 945  & 1099s
• Truly interfaced trading
• Investment Monitoring and Reporting
• Assist Financial Advisors with sales process