With this release of FirmPlus, we are introducing Report Distribution and the new HSA Report, as well as a few other changes. Check out the details below to learn more.
If you have feedback or ideas for new features for FirmPlus, please send those to Fi360Support@broadridge.com. We would love to hear from you!
New Features
Report Distribution
Reports generated in FirmPlus can now be distributed to Plan Sponsor clients using the Report Distribution feature of FirmPlus!
Using the Report Distribution feature will allow you to archive Reports into Statements & Reports, have UBS email the final report to your client, and eliminates the need to scan reports and evidence of delivery into your DMS system.
Should you wish to distribute your report directly, the Mark Report As Final feature will allow you to indicate which report in the Report Archive is the final version, enabling UBS to track client transitions to the new tool.
For a walkthrough of the Report Distribution features, please check out our knowledge base article.
HSA Report
The HSA Investment Monitoring Report option in FirmPlus provides investment monitoring and analysis for HSA Plans. The HSA Report option is intended for approved HSA investment consulting engagements through the RPCS program.
To learn how to generate the new HSA Report, please check out our knowledge base article.
Updates
Automatic Plan Setup Changes & New Merge Plan Feature
As you may be aware, FirmPlus automatically creates Plans in your account for Plans that are included in the UBS data feed. Up until now, only Plans that had an active Recordkeeper data feed were created in your account. This process has changed to now create Plans in your FirmPlus account for any Plan included in the data feed.
The benefit of this change is that you should now see more Plans created in your account automatically that you would have otherwise needed to create manually. In addition, this change will allow you to use the new Report Distribution feature for these Plans.
However, for users that have already created Plans manually, you may encounter that there is now a duplicate Plan in your account -- one that you created manually, and the other that was auto-created via the UBS data feed. If you previously created a Plan manually in FirmPlus that is subsequently now available via the UBS data feed, you can use the new Merge Plan feature to merge the two Plans.
By using the Merge Plan feature, this will allow you to maintain your Plan's selected evaluation criteria, investments, fund scoring history, and previously generated reports.
To learn how to use the Merge Plan feature, you can check out the walkthrough here. If you have any questions about Plans in your account or using this feature, please contact our Support Team.