US5775734A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Investment administration system
Assignee: Individual
•
Filing: 1996-08-02
•
Granted: 1998-07-07
•
Expires: 2016-08-02
Abstract
Abstract An investment administration system including a qualified money purchase plan is disclosed. The investment administration system accepts only after-tax employee contributions, direct and conduit rollovers from qualified plans and direct transfers from other qualified plans. The investment administration system does not accept employer contributions. A licensor is the central hub of the investment administration system. The licensor licenses institutional licensees, such as banks, and individual licensees, such as brokers, to market the investment administration system. The licensor provides the functions of a plan administrator/trustee for the investment administration system, provides marketing tools and information, generates standard forms, licenses the use of service marks and provides technical assistance to the licensees. Employers adopt the investment administration system through an institutional licensee or individual licensee, or become an employer licensee of the licensor. Each licensee may restrict the investment vehicles accessible to the employers of an employee to make the investment administration system more attractive to prospective participants.
Inventors
- 👤 Ralph N. George, Jr.
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-07 18:13
CPC Classifications
B; B42; B42D; B42D12/00
Claims Analysis
Total Claims: 28
Claim 1
Independent Claim
281 words
An investment administration system for administering participant after-tax contributions, comprising: a participant account to hold said participant contributions for each of a plurality of participants, each participant being associated with an employer; a plurality of said employers, each employer enrolled through a licensee; a plurality of licensees, each said licensee adapted to offer each said participant who is associated with an employer enrolled through said licensee access to a set of qualified investment vehicles selected by said licensee; each said licensee subscribed through a single licensor; said licensor having central plan administrator/trustee means, central marketing means and central technical resource means; said plan administrator/trustee means including a receiving means adapted to receive all said participant contributions, an investment means adapted to direct, under the instructions of each participant, each said participant contribution corresponding to that participant into any of said qualified investment vehicles available to that said participant selected by said licensee that said participant's employer is enrolled through, to compute and receive all proceeds generated by each said participant contribution invested with said qualified investment vehicles, to disburse proceeds generated by each said participant contribution invested in said qualified investment vehicles into an appropriate participant account, and a reporting means adapted for prepare and disburse necessary information concerning each participant account, participant contribution, qualified investment vehicle, and proceeds of each said participant contribution invested with said qualified investment vehicles; said central marketing means adapted to generate for use by said licensees and employers marketing tools and information to assist in the marketing of the investment administration system; and said central technical resource means adapted to provide training and support to said licensees regarding the operation of said investment administration system.
Claim 2
Dependent Claim
281 words
An investment administration system for administering participant after-tax contributions, comprising: a participant account to hold said participant contributions for each of a plurality of participants, each participant being associated with an employer; a plurality of said employers, each employer enrolled through a licensee; a plurality of licensees, each said licensee adapted to offer each said participant who is associated with an employer enrolled through said licensee access to a set of qualified investment vehicles selected by said licensee; each said licensee subscribed through a single licensor; said licensor having central plan administrator/trustee means, central marketing means and central technical resource means; said plan administrator/trustee means including a receiving means adapted to receive all said participant contributions, an investment means adapted to direct, under the instructions of each participant, each said participant contribution corresponding to that participant into any of said qualified investment vehicles available to that said participant selected by said licensee that said participant's employer is enrolled through, to compute and receive all proceeds generated by each said participant contribution invested with said qualified investment vehicles, to disburse proceeds generated by each said participant contribution invested in said qualified investment vehicles into an appropriate participant account, and a reporting means adapted for prepare and disburse necessary information concerning each participant account, participant contribution, qualified investment vehicle, and proceeds of each said participant contribution invested with said qualified investment vehicles; said central marketing means adapted to generate for use by said licensees and employers marketing tools and information to assist in the marketing of the investment administration system; and said central technical resource means adapted to provide training and support to said licensees regarding the operation of said investment administration system.
Claim 3
Dependent Claim
20 words
The investment administration system as set forth in claim 1 wherein at least one employer employs less than 500 individuals.
Claim 4
Dependent Claim
25 words
The investment administration system as set forth in claim 1 wherein each licensee can be an institutional licensee, an individual licensee or an employer licensee.
Claim 5
Dependent Claim
44 words
The investment administration system as set forth in claim 1 wherein each said participation contribution can be one, or a combination, of the following: after tax payroll contribution, rollover from a qualified plan or conduit individual retirement account, or transfer from a qualified plan.
Claim 6
Dependent Claim
23 words
The investment administration system as set forth in claim 3 wherein no contribution is made to said investment administration system by any employer.
Claim 7
Dependent Claim
41 words
The investment administration system as set forth in claim 1 wherein one said qualified investment vehicle available to each said participant is a loan to said participant, the maximum amount of said loan based on the value of said participant's accounts.
Claim 8
Dependent Claim
22 words
The investment administration system as set forth in claim 3 wherein each licensee pays a subscription fee to subscribe to said license.
Claim 9
Dependent Claim
41 words
The investment administration system as set forth in claim 7 wherein said subscription fee for each licensee that is an individual licensee is based on the amount of participant contributions contributed to said investment administration system through that said individual licensee.
Claim 10
Dependent Claim
41 words
The investment administration system as set forth in claim 7 wherein said subscription fee for each licensee that is an institutional licensee is based on the amount of participant contributions contributed to said investment administration system through that said institutional licensee.
Claim 11
Dependent Claim
44 words
The investment administration system as set forth in claim 7 wherein said subscription fee for each licensee that is an individual licensee is based on the average annual balance of said participant accounts contributed to said investment administration system through each said individual licensee.
Claim 12
Dependent Claim
44 words
The investment administration system as set forth in claim 7 wherein said subscription fee for each licensee that is an institutional licensee is based on the average annual balance of said participant accounts contributed to said investment administration system through each said institutional licensee.
Claim 13
Dependent Claim
29 words
The investment administration system as set forth in claim 1 wherein FDIC insured vehicles, stocks, bonds, futures, mutual funds, annuities, life insurance and real property are qualified investment vehicles.
Claim 14
Dependent Claim
27 words
The investment administration system as set forth in claim 1 wherein said investment administration system includes an employee pension benefit plan pursuant to Title I of ERISA.
Claim 15
Dependent Claim
233 words
An investment administration system for participant contributions, comprising: at least one participant account to hold said participant contributions for each of a plurality of participants, each participant being an employee associated with an employer; a plurality of said employers, each employer enrolled through a licensee; a plurality of licensees, each said licensee adapted to offer to each said participant who is associated with an employer enrolled through that said licensee access to a set of qualified investment vehicles selected by said licensee; each said licensee subscribed through a single licensor; said licensor having central plan administration/trustee means, central marketing means, central forms means and central technical resource means; said plan administrator/trustee including receiving means for receiving each said participant contribution; investment means for investing, under the direction of each said participant, each said participant contribution with one or more qualified investment vehicles from said set of qualified investment vehicles selected by said licensee said participant's employer is enrolled through, and to compute and receive proceeds generated by each said enrolled individual contribution invested with said qualified investment vehicles and to disburse proceeds generated by each said participant contribution invested with said qualified investment vehicles into the appropriate participant account; and reporting means to prepare and disburse necessary information concerning each participant account, each participant contribution, each qualified investment vehicle, and the proceeds of each said participant contribution invested with said qualified investment vehicles.
Claim 16
Dependent Claim
233 words
An investment administration system for participant contributions, comprising: at least one participant account to hold said participant contributions for each of a plurality of participants, each participant being an employee associated with an employer; a plurality of said employers, each employer enrolled through a licensee; a plurality of licensees, each said licensee adapted to offer to each said participant who is associated with an employer enrolled through that said licensee access to a set of qualified investment vehicles selected by said licensee; each said licensee subscribed through a single licensor; said licensor having central plan administration/trustee means, central marketing means, central forms means and central technical resource means; said plan administrator/trustee including receiving means for receiving each said participant contribution; investment means for investing, under the direction of each said participant, each said participant contribution with one or more qualified investment vehicles from said set of qualified investment vehicles selected by said licensee said participant's employer is enrolled through, and to compute and receive proceeds generated by each said enrolled individual contribution invested with said qualified investment vehicles and to disburse proceeds generated by each said participant contribution invested with said qualified investment vehicles into the appropriate participant account; and reporting means to prepare and disburse necessary information concerning each participant account, each participant contribution, each qualified investment vehicle, and the proceeds of each said participant contribution invested with said qualified investment vehicles.
Claim 17
Dependent Claim
20 words
The investment administration system as set forth in claim 14 wherein at least one employer employs less than 500 individuals.
Claim 18
Dependent Claim
25 words
The investment administration system as set forth in claim 14 wherein each licensee can be an institutional licensee, an individual licensee or an employer licensee.
Claim 19
Dependent Claim
44 words
The investment administration system as set forth in claim 14 wherein each said participant contribution can be one, or a combination, of the following: after tax payroll contribution, rollover from a qualified plan or conduit individual retirement account, or transfer from a qualified plan.
Claim 20
Dependent Claim
23 words
The investment administration system as set forth in claim 17 wherein no contribution is made to said investment administration system by any employer.
Claim 21
Dependent Claim
41 words
The investment administration system as set forth in claim 14 wherein one said qualified investment vehicle available to each said participant is a loan to said participant, the maximum amount of said loan based on the value of said participant's accounts.
Claim 22
Dependent Claim
22 words
The investment administration system as set forth in claim 17 wherein each licensee pays a subscription fee to subscribe to said license.
Claim 23
Dependent Claim
41 words
The investment administration system as set forth in claim 20 wherein said subscription fee for each licensee that is an individual licensee is based on the amount of participant contributions contributed to said investment administration system through that said individual licensee.
Claim 24
Dependent Claim
41 words
The investment administration system as set forth in claim 20 wherein said subscription fee for each licensee that is an institutional licensee is based on the amount of participant contributions contributed to said investment administration system through that said institutional licensee.
Claim 25
Dependent Claim
44 words
The investment administration system as set forth in claim 20 wherein said subscription fee for each licensee that is an individual licensee is based on the average annual balance of said participant accounts contributed to said investment administration system through each said individual licensee.
Claim 26
Dependent Claim
44 words
The investment administration system as set forth in claim 14 wherein said subscription fee for each licensee that is an institutional licensee is based on the average annual balance of said participant accounts contributed to said investment administration system through each said institutional licensee.
Claim 27
Dependent Claim
29 words
The investment administration system as set forth in claim 14 wherein FDIC insured vehicles, stocks, bonds, futures, mutual funds, annuities, life insurance and real property are qualified investment vehicles.
Claim 28
Dependent Claim
27 words
The investment administration system as set forth in claim 14 wherein said investment administration system includes an employee pension benefit plan pursuant to Title I of ERISA.
References Cited (Backward Citations)
US4750121A
Cited
US5206803A
Cited
USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2001-07-06 | 2002-01-05 | 2002-07-07 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2005-07-06 | 2006-01-05 | 2006-07-07 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2009-07-06 | 2010-01-05 | 2010-07-07 | $7700.00 | Window Closed / Lapsed |