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CASTLE ROCK INNOVATIONS, LLC ROLLS OUT RETIREMENT PLAN ANALYTIC PLATFORM Platform Will Address New DOL Mandated 408(b) (2) Fee Disclosure Reporting Requirements

Press Contact: Tom Loch tom.loch@castlellc.com
973-670-5087

FOR IMMEDIATE RELEASE


Chicago, IL (April 25, 2011) – Castle Rock Innovations, LLC (CRI), a leading provider of technology-based solutions for the retirement industry, announced today the rollout of the patent pending AXIS Retirement Plan Analytic Platform (AXIS), a comprehensive servicing platform that addresses the DOL mandated 408 (b) (2) fee disclosure requirements.

AXIS is a web-based software service that supports the ability for Broker Dealers, Product Manufactures and TPA’s to support these new regulatory fee disclosure reporting requirements. The AXIS platform provides complete coverage from brokerage platform to retirement plan platform and provides the ability for advisors to identify and establish plans outside the traditional turnkey environments. By providing a single view and the ability to manage reporting risks the AXIS platform allows fiduciaries to handle the ongoing daily tasks of monitoring and reporting fees to plans efficiently and effectively.

"We spent the time to understand the real pain that the industry would go through to meet the new reporting requirements. We found that the Broker Dealer community did not have a systemic capability to identify, collect and establish data from various partner systems for the purpose of managing plan level fee data and generating a comprehensive Fee Disclosure Document for their plans. We also learned that many Broker Dealers are very concerned about identifying and tracking plans that are sold and serviced outside of the traditional manufactures environment." said Tom Loch, Senior Vice President of Castle Rock Innovations, LLC. "We focused our efforts within our servicing platform in its ability to collect and transform data into single data repository and to provide an interface for managing, collecting and reporting plan level fees from many system sources. Our second focus was to build the data processing engine necessary to track changes to fees and the work flow processes to report them efficiently based upon the 60 day reporting rule."

AXIS is designed to service all retirement plan types through a single web-based interface and data repository. The AXIS platform can interface with any system of record supporting retirement plan data feeds. The AXIS platform provides features to edit and generate reports for filings and report plan expenses, with comprehensive tools that allow retirement plan managers and fiduciaries to view their business across multiple recordkeeping platforms.

The AXIS Platform is scheduled for commercial release May 2011.

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