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12 April

FIS Recognizes Spectrum for Innovation in 2018 Impact Awards

April 12, 2018 By Petros Koumantaros Announcements fis, impact, award, technology, innovation, philanthropy

FIS, a global leader of financial technology, recognized Spectrum in the 2018 FIS Impact Awards for innovative use of FIS technology to simplify origination and servicing of individual retirement accounts (IRAs). The solution, developed to meet the needs of a key Spectrum client, allows individual investors to originate and manage IRAs online. The solution has allowed Spectrum’s client to grow its IRA business, while significantly reducing account origination times and telephone support requests.

The FIS Foundation made $10,000 donations in each award winner’s name to charitable organizations designated by the award winner. Spectrum is thrilled to designate $5,000 for the American Cancer Society and $5,000 for the Pano Koumantaros Cancer Research Fund, which is named after Spectrum's founder who tragically died from bladder cancer in 2005.

View the FIS Press Release

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ERISA Workplace Retirement Plan Limits

The federal government annually publishes updated qualified retirement plan limits, which impact the contributions, benefit accruals, and compliance of ERISA covered qualified retirement plans. The below tables summarize the most significant changes in recent history.