Given the sensitive data stored, processed, or transmitted by pension administrators, many choose to perform cybersecurity and IT compliance initiatives to ensure their customers are confident in their internal processes and procedures. Pension administrators perform various types of yearly service on an organizational retirement plan, such as a 401(k), profit sharing plan, defined benefit plan, or cash balance plan. With pension administration being such an important and complex function, many organizations will not even consider contracting with a pension administrator if they do not have a strong compliance program in place. Implementing a robust compliance program can be used as a competitive advantage. Increasingly, pension administrators are asked to implement and maintain a compliance program that demonstrates their commitment to a strong system of internal controls. Control frameworks (such as SOC 1, SOC 2, ISO 27001, etc.) are widely accepted and help pension administrators differentiate themselves from their competitors by demonstrating their commitment to maintaining a strong IT compliance program.
Unlike most CPA and professional service firms, we do not view ourselves as a simple third-party vendor who is tasked with helping you seek a means to an end. Rather, our team establishes a very close-knit relationship with your team, becoming a trusted partner to your business. CyberGuard Compliance always keeps your goals and priorities at the forefront of our services delivery process.
As your trusted service partner, we are your one-stop shop for all your IT compliance and cybersecurity needs. Our tailored compliance solutions and efficient auditing methods allow your company to not only save on audit and compliance costs, but more importantly, reduces your internal level of effort and time your key personnel spend on annual compliance projects. Contact us today to speak to one of our team members and experience the CyberGuard Compliance difference.
CyberGuard Compliance provides the following services to pension administration companies:
Educating our clients is very important to us. We have developed a series of educational and informational videos to help you understand the need to undergo a compliance audit, provide an introduction to CyberGuard Compliance as a firm, and illustrate our approach to partnering with you to deliver the services.