News – Page 2 – PBI Research Services

Plan Sponsor Article: PBI Launches Pension Plan Population Management Solution

“Pension plan population management continues to become a more difficult, costly, time-consuming and riskier process,” says John Bikus, president of PBI Research Services. “With CertiCensus®, PBI offers a solution combining unparalleled decedent identification, a locate product conforming to DOL guidance, service to manage required participant communication, and consistently-updated participant/beneficiary information.” He adds: “CertiCensus helps pension plans maximize the lifetime of the fund by reducing costs and minimizing overpayments in addition to providing auditable trails [...]

John Bikus2023-06-16T09:17:08-05:00October 7th, 2021|News, Pensions, Population Management & CertiCensus|

PBI Press Release: PBI Launches CertiCensus® – The First Single Source Pension Plan Population Management Solution

MINNEAPOLIS, Sept. 14, 2021 — PBI Research Services, the leading death audit and locate service provider, today announced the launch of CertiCensus®, the industry's first single source proactive pension plan population management solution to help pension plans reduce costs, eliminate overpayments, ensure regulatory compliance and mitigate cybersecurity risk. CertiCensus offers continuous participant monitoring for always-up-to-date census data, comprehensive reporting and a full audit trail. This complete population management solution includes: identifying decedents with CertiDeath®, locating missing [...]

John Bikus2023-06-16T09:53:12-05:00September 14th, 2021|News, Pensions, Population Management & CertiCensus|

Plan Sponsor Article: Ensuring Clean Participant Data

"One of the most critical aspects in maintaining a healthy retirement plan is guaranteeing clean participant data, says John Bikus, president of PBI Research Services, a provider of death audit and location services. Having correct Social Security numbers and dates for critical life points, including birth and retirement, is integral to identifying missing and deceased participants, Bikus says. He points out that defined benefit (DB) plan overpayments, such as to a deceased participant, also [...]

John Bikus2023-06-16T09:58:59-05:00August 16th, 2021|Data Cleansing & Cleanup, News, Pensions|

In the News: PBI Research Services Says it’s Saved Companies $100M by Finding Deaths

Minneapolis-based PBI Research Services started a program that aggregates death information from roughly 26,000 sources to make sure benefits are being properly released. PBI says it's saved its customers about $100 million within the past 18 months in overpayments and erroneous payments because its program, called CertiDeath®, captures 95% of the deaths in the United States. Read the full Minneapolis/St. Paul Business Journal article written by Patrick Rehkamp here: https://www.bizjournals.com/twincities/news/2021/06/16/pbi-research-says-its-saved-100m.html?b=1623845660%5E21920527

John Bikus2023-06-16T10:07:28-05:00June 18th, 2021|Death Audit & CertiDeath, News, Pensions|

PBI Press Release: CertiDeath® Saves Over $100 Million in Overpayments to Deceased Pension Participants

MINNEAPOLIS, June 8, 2021 -- PBI Research Services, the leading death audit provider, announced its flagship product, CertiDeath®, has resulted in over $100 million of savings for clients. CertiDeath, the industry's only advanced death audit solution, has experienced 200% year-over-year client growth as it reduces overpayments to deceased pension plan participants. CertiDeath eliminates the work, complexity, and uncertainty now associated with identifying deaths, saving companies the time spent manually reviewing obituaries and helping avoid overpayments due [...]

John Bikus2023-06-16T10:21:28-05:00June 8th, 2021|Death Audit & CertiDeath, News, Pensions|