OmniPlus and OmniPlan

[Guest ameet]

I am new to insurance industry. I wanted to know, what OmniPlus is and how it can be implemented in Insurance Industry. It would be great if anyone can get me an idea where I can get the tutorials for OmniPlus or just give me an idea how it works.

Thanks

[GBurns]

I am assuming that you are referring to the Sungard 401(k) recordkeeping system.

A 401(k) is not an insurance product even though most plans are sold by persons who are licensed insurance agents. A 401(k) recordkeeping system is not used in the insurance industry, it is used in the Plan Administration Industry.

The best source should be either Sungard, an integrator or a company that uses that system.

However, this is not something that any agent should be conversant with or even know that it exists, so I have to wonder Why do you think that you should know and What would you be doing with that knowledge?

If you are not selling 401(k) but will be administering the plans then you should already have the software and the manuals and be making use of the training available from the supplier or integrator.

If you are neither selling nor administering, then there is no reason that I can think of why you would want to know, but I am curious to hear your reason.