Burton Michael Rast

Title: Burton Michael Rast: Pioneering Retirement Plan Innovations

Introduction

Burton Michael Rast is an innovative inventor based in Chicago, IL, with a notable portfolio of four patents. His work primarily focuses on developing advanced communication systems aimed at enhancing the management of employer-sponsored retirement plans, particularly 401(k) plans.

Latest Patents

Rast's most recent patents include a "Communication system and method for communication between an administrator and a participant of a retirement plan." This system comprises a host system that features a graphical user interface (GUI). The GUI allows users to engage with the host system through their computer devices, enabling the enrollment and management of retirement accounts. Employers can also use this interface to oversee their plans effectively.

Another significant patent by Rast is for a "system and method for communication between participants and administrators for initiating temporary cessation of contributions to a retirement plan." Similar to his previous invention, this apparatus facilitates interaction between retirement plan participants and administrators, streamlining contribution management.

Career Highlights

Burton Rast works at The PNC Financial Services Group, Inc., where his expertise plays a crucial role in enhancing the technological landscape of retirement plan management. His inventions demonstrate a commitment to improving user experience and operational efficiency within financial services.

Collaborations

Rast collaborates closely with colleagues such as Matt Dahm and Sherri Painter, contributing to the innovative environment at PNC Financial Services. Their combined efforts foster advancements in retirement planning technology, pushing the boundaries of what is possible in the sector.

Conclusion

Burton Michael Rast stands as a significant figure in the realm of financial innovation, particularly in the administration of retirement plans. His contributions through patented inventions not only showcase his inventiveness but also illustrate the importance of user-friendly systems in managing financial services. As he continues to develop groundbreaking technology, Rast remains a key player in enhancing the retirement planning experience for both participants and administrators.