AI TOOL PROFILE
Stax: Retirement Plan Administration Software for TPAs
- Finance and Accounting
- Retirement Plan Administration
- Third Party Administrators (TPAs)
- Small TPA firms
- Mid-market TPA companies
- Enterprise TPA organizations
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Third Party Administrators (TPAs), Small TPA firms, Mid-market TPA companies, Enterprise TPA organizations
- Key use cases
- Payroll and Census Automation, Trust Reconciliation, 3(16) Fiduciary Management, Plan Sponsor Onboarding, Client Communication Management
- Integrations
- SharePoint, Dropbox, Box.com, Excel export, CSV export
- Official website
- Visit stax official website
How AI is used
Stax is an administration platform built for Third Party Administrators (TPAs) managing retirement plans. The system uses AI to support tasks such as payroll gathering and brokerage statement processing to reduce manual data entry.
The software is designed for TPA firms of various sizes. It helps these firms manage data flows between plan sponsors, payroll providers, and brokerage custodians.
Capabilities include live payroll data connections, trust accounting reconciliation, and a centralized hub for client interactions. The platform also supports 3(16) fiduciary responsibilities through task tracking and notice distribution.
Buyers should confirm if the automated census scrubbing and payroll integrations align with their specific plan document provisions and the payroll providers used by their clients.
Key Features
Automated Payroll Intake
Connects to over 200 payroll providers to pull data automatically each pay cycle.
Trust Accounting Automation
Processes digital and scanned brokerage statements to extract balances and transactions for reconciliation.
Compliance Tracking
Supports monitoring of 3(16) fiduciary tasks and helps generate reports for vesting and eligibility.
Integrated Smart Inbox
Centralizes emails and client messages with AI-powered summaries and task conversion.
Automated Census Workflow
Gathers payroll data and scrubs it based on plan document provisions.
Client Portal
A secure, white-label portal for file sharing and document requests with plan sponsors.
Use Cases
Payroll and Census Automation
Collecting and scrubbing payroll data for annual census requirements.
Trust Reconciliation
Processing brokerage statements from providers such as Fidelity and Charles Schwab to reconcile account balances.
3(16) Fiduciary Management
Managing contribution approvals and participant notice distribution through structured workflows.
Plan Sponsor Onboarding
Supporting the deal flow and onboarding process for new plan sponsors.
Client Communication Management
Centralizing TPA-sponsor interactions to track requests and assign tasks.
Integrations
- SharePoint
- Dropbox
- Box.com
- Excel export
- CSV export
- PDF export
FAQ
What does Stax.ai do for TPAs?
- Stax provides an AI-powered platform that supports automated payroll and census intake, trust accounting reconciliation, and compliance tracking.
Which brokerage statements can Stax process?
- The software processes digital and scanned statements from providers including Charles Schwab, Fidelity, Merrill Lynch, and Wells Fargo Advisors.
How long does it take to get started with Stax?
- The structured onboarding process, which includes setup, integration, and team training, typically takes between 2 and 6 weeks.
Is Stax.ai secure for sensitive financial data?
- The platform is SOC 2 Type II compliant and uses encryption for data in transit and at rest.
Source category: Finance & Accounting
Source subcategory: Retirement Plan Administration
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