The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jan. 07, 2014
Filed:
Oct. 30, 2007
Bruce Bent, Manhasset, NY (US);
Bruce Bent, Ii, Manhasset, NY (US);
Bruce Bent, Manhasset, NY (US);
Bruce Bent, II, Manhasset, NY (US);
Access Control Advantage, Inc., Manhasset, NY (US);
Abstract
A method, system and program product implemented at least in part by computer for facilitating provision of loans to a plurality of participants of one or more benefit plan accounts associated with one or more record keepers, each participant having participant assets in one or more of the benefit plan accounts, each of the benefit plan accounts comprising a plurality of investment vehicles, each of the one or more record keepers providing record keeping services for at least one of the benefit plan accounts, the method comprising: administering a first plurality of loan fund accounts; maintaining an association of each different one of the first plurality of loan fund accounts with a different investment vehicle that is part of the respective one or more benefit plan accounts; receiving a selection from a selecting entity of one or more of the loan fund accounts from among the first plurality of loan fund accounts; investing or having invested or maintaining loan fund assets comprising participant assets associated with the selecting entity in the one or more respective different investment vehicles associated with the one or more selected loan fund accounts; associating a respective loan accounting process with each of the selected one or more loan fund accounts; receiving a loan-request; initiating transfer of an amount of funds requested; and updating by computer said account information for said loan fund account to reflect said loan-request amount of funds transferred from said loan fund account using the associated respective accounting process.