The first middleware solution.

RICC is the industry’s first middleware solution designed specifically to support guaranteed retirement income products through a traditional recordkeeping platform.

Guaranteed income products, whether part of a plan or purchased by individual investors, are important parts of the retirement planning mix. To help you overcome the technology barriers in bringing these products to the marketplace, we developed the Retirement Income Clearing Calculator (RICC).

RICC enables you to help individual investors and participants broaden their product selection to assist them in achieving their goals.

Overview

RICC is crafted to effectively work with a broad array of income solutions, enabling the platform to incorporate any number of functionalities to deliver income solutions to the market. It easily handles all the rules around a guaranteed income products, but can just as easily involve mutual funds.

RICC breaks through the technology barrier to enable insurance companies, asset managers, and mutual fund companies to get products to the market, distributors, and large plan sponsors quickly and without the immense and costly effort of updating legacy systems. With RICC, you build the interface once to reach many guaranteed income products.

IRA Functionality

RICC now provides the same breakthrough technology to individual IRA accounts. There’s a lot of uncertainty in the retirement world. Investors and soon-to-be retirees are concerned that the things they’ve counted on before won’t be there when they need them. Fears about Social Security and the economy in general have created a strong desire to have a retirement income that they can trust.  Now, more than ever before, guaranteed income products are a crucial feature in a retirement portfolio.

Asset managers, recordkeepers, and insurance companies have run into barriers. Disparate systems between these groups have presented technological barriers in developing products and getting them to the market quickly. DST has expanded the Retirement Income Clearing Calculator (RICC ® ) platform to process and exchange information into retail IRA accounts.

The introduction of IRA functionality to RICC creates a vast new opportunity for mutual fund companies, investment managers, and other wealth management providers to support retirement income products in IRAs and other retirement-focused investment accounts. With the technology barrier removed, our clients can now develop products faster and get them to market quicker.