Institutional 401k Management Process Workflow Template

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Overview: Institutional 401k Management Workflow Template

This workflow template illustrates the end-to-end lifecyle for institutional 401k investment products, including initial account opening, ongoing account maintenance and account closures. Purchase and download this template in PDF and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand Institutional 401k Management processes.

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Process Details and FAQ: Institutional 401k Management

What is included in the Institutional 401k Management process?

Institutional 401k Management refers to a collection of processes related to opening, maintaining and closing 401k accounts for institutional, or commercial, clients. Customers and financial advisors work together to open the account. All requisite information is gathered, processed and reviewed for accuracy. If the client meets certain risk criteria, their account is opened and all appropriate data is added to company systems. After the account has been opened, reviews are performed (typically annually) periodically to ensure that the account is in good standing.

Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Institutional 401k Management process:

  • 1.Institutional Investment Management Revenue as a Percentage of Total Revenue
  • 2.Total Volume: 401k Accounts Closed
  • 3.Total Volume: 401k Accounts Opened
  • 4.Total Volume: 401k Accounts Under Management

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Institutional 401k Management process:

  • Customers
  • Financial Advisors
  • Client Services Staff (Back Office)
  • Compliance & Risk Management Staff

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.

How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.

How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF and Visio (VSD) file formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.

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  • Workflow Template


    Institutional 401k Management

    - Instantly download files
    - Includes PDF, VSD file formats
    - Customize the Visio (VSD) version
    - Mapped in BPMN 2.0 format


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