Benefits & retirement industry roundup: Acorns, Ayco, FiduciaryNews, Luum, TILT, Voya Financial

News from ADP Retirement Services, First Stop Health, Gravie, GoodRX, NFP, Paycor, Sonde Health, UrbanSitter, Zywave.

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There’s no shortage of creative thinking and practical creators in the retirement and employee benefit industry. Here is product news that recently crossed our desk.

Zywave announced the launch of Zywave CPQ, an end-to-end integrated quoting and proposal solution for employee benefits brokers. The new offering, included in the business suite of Zywave’s Sales Cloud, includes plan design benchmarking features, level-funded and self-funded plan analysis; access to pricing; medical ACA quoting features; a presentation builder and more. 

Voya Financial is collaborating with SAVVI Financial to offer SAVVI Financial’s COVID Relief Planning Assistant to its workplace clients as an online resource for their plan participants and employees. It can provide educational resources or an action plan that adjusts the participant’s household financial plan by organizing assets, debt, expenses and existing income to create a strategy to help get through the next three to six months.

UrbanSitter is rolling out Collective Go, Collective Health’s solution for COVID-19 screening, testing, and monitoring. The product offers parents and sitters support for symptom screening, uploading test results, and certifying their compliance with testing protocol. Once enrolled in Collective Go through UrbanSitter, to activate their Compliance Certificate, users are asked to fill out a daily symptom checklist and upload their COVID-19 test results. Parents can find sitters who have purchased Collective Go via a badge on their sitter profile

TILT, a health benefits advisory firm, celebrated its official business launch. The TILT service includes custom design of employer sponsored health plans; employee education in advance of open enrollment; an app-based decision tool to support employees in choosing the best health plan for their needs, and an app-based comparision-shopping tool that displays the true price of medical procedures.

Sonde Health announced Sonde One, which uses the company’s vocal biomarker platform and machine learning technology and a single 6-second voice sample to detect respiratory symptoms, such as coughing, shortness of breath, or chest tightness or pain. The app combines this voice analysis with a CDC-informed COVID-19 questionnaire and user inputted body temperature to give employees clear instructions about where they can work.

Paycor launched Paycor Pulse, an employee engagement solution that utilizes Natural Language Processing to turn written data into insights around employee sentiment. Features include Pulse and Engagement Survey templates; scheduled surveys; personalized email messages; employee identity safeguards and more.

NFP announced that its new financial wellness platform, WellCents, is now available. The WellCents platform offers financial well-being resources that provide a foundation for goal setting, as well as educational material to enhance understanding of retirement planning strategies.

Luum announced a suite of tools aimed at helping employers bring their people to work more safely. Features include a communications hub, flexible parking, shuttle reservations and tracking, closed-network carpooling, subsidies and reimbursements, and Guaranteed Ride Home, which gives employees a way to get home for emergencies, in partnership with Lyft. An administrative console lets employers communicate with commuters and set and adjust policies. 

Gravie introduced its zero-deductible, zero-copay health plan. The new plan, called Gravie Comfort, offers 100% coverage on most common health care services, including preventive care, primary care, specialist visits, labs and imaging, generic prescriptions, online care, and more. For less frequently used services, such as hospitalization and specialty drugs, Gravie Comfort allows employees to choose an out-of-pocket expense limit.

GoodRx has expanded the reach of HeyDoctor by GoodRx and it is now available across all 50 states and Washington D.C. HeyDoctor aims to provide affordable access to online medical visits from US-licensed providers to treat a wide range of conditions — regardless of insurance status. Treatment and services include routine doctor visits starting at $20, prescription refills and mail delivery. The service recently rolled out mail delivery for 1,000 of the most-prescribed drugs and launched a short-term prescription refill service.

First Stop Health is now offering Virtual Mental Health in conjunction with its Telemedicine service. Virtual Mental Health allows patients to receive remote guidance and short-term counseling for such mental health issues as stress, depression, anxiety, grief and substance abuse, as well as marital, work and family issues.

FiduciaryNews.com announced its 2020 401K MEP/PEP (Virtual) Conference will be August 26-27. It will focus on 401(k) MEP/PEP regulations, operations, sales, and will include current regulatory issues and constraints; nuts and bolts of MEP operations; servicing a MEP; ERISA implications in plan design, and more. In addition, 15-minute one-on-one “Ask a Pro” consultations with featured speakers will be available for VIP registrants. A one hour “Lunch Table” networking wrap-up session will be available for up to 10 VIP and Preferred registrants in a private group meeting with a featured speaker for a discussion meant to give attendees actionable “marching orders” to leave the conference with something they can do immediately.

Ayco announced the launch of the Ayco Marketplace, an open-architecture digital platform designed to empower employees with financial planning guidance to progress toward financial goals.It offers both proprietary solutions and curated products and services from industry-leading organizations across a variety of areas, including personal loans and savings, student loan refinancing, insurance, investment management and more.

ADP Retirement Services introduced Simplified 5500 Compliance Reporting Process, the second phase of its enhanced Compliance Dashboard. It includes features for reviewing and updating business and plan data; reviewing financial summary and participant detail, receiving notifications of a filing error and/or successful submission, and more.

Acorns announced Acorns Early, which lets family and friends open an Early account and automatically invest for a child’s future. It offers a diversified portfolio of exchange-traded funds in five portfolios.To support those impacted by the coronavirus pandemic, Acorns will provide Acorns Early free to babies born in 2020. Acorns has also introduced a $5 monthly tier, Acorns Family, which includes Acorns Early, plus all-in-one investing, retirement, and checking accounts, and more.

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