MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 15, 2004 DST Helps Funds Target Timers DST Systems has updated its recordkeeping platform, TRAC, to help providers pinpoint and assess fees on market timers. The TRAC platform is used by 401(k) plan providers to run their recordkeeping systems. All of DST Retirement Solutions' 38 institutional clients (with 3.6 million participants), can access the new enhancement without product development. The new redemption fee requirements are causing recordkeeping software providers to modify their systems, although all of the major systems providers have told the MFWire.com that they expect to be able to meet the requriements. DST officials added the ability to assess the SEC-mandated two percent redemption fees on applicable trades. DST is also developing the capability to further customize rules for specific funds or fund families. Other major platforms running 401(k) platforms include SunGard's Omni and Quantech systems, Schwab's RT system and Wachovia's WyStar platform. Printed from: MFWire.com/story.asp?s=8047 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |