Ubiquity Retirement + Savings® Attains SOC 2 Type 1 Certification

Distributed by Business Wire
9th December 2020

Credential validates integrity of the firm’s Paradigm RKS(™) recordkeeping software

SAN FRANCISCO–(BUSINESS WIRE)–Ubiquity Retirement + Savings® (Ubiquity), a pioneer in flat-fee small business retirement plans, today announced the successful completion of its System and Organization Control (SOC) 2 Type 1 audit.

The report, completed by leading public accounting firm Armanino, assessed the security, availability and confidentiality of Ubiquity’s proprietary recordkeeping system, Paradigm RKS(™). The platform earned its first SOC 1 Type 2 certification in 2017 assessing effective internal controls, processes and procedures.

“A SOC 2 audit report furthers our commitment to a secure and reliable recordkeeping experience for small business retirement plans and participants,” said Nasrin Mazooji, VP of Compliance + Regulatory Affairs at Ubiquity. “As we continue to support some of the industry’s most prominent brands through Paradigm, it is our duty to demonstrate the legitimacy of our technology and ensure the integrity of our clients’ data.”

Paradigm has served as Ubiquity’s internal recordkeeping system since 2016 and became available for broader institutional use through our BPO offering in September 2020.

“Ubiquity’s commitment to maintaining strong internal controls related to their recordkeeping system is commendable and will be a key differentiator for them in a challenging market environment,” said Liam Collins, Partner in charge of Armanino’s Risk Assurance & Advisory practice.

SOC 2 rigorously tests technology and financial services firms to ensure compliance with the Institute of Certified Public Accountants’ principles and criteria. Armanino is one of the top 25 accounting firms in the nation.

About Ubiquity Retirement + Savings®

Ubiquity Retirement + Savings® is a leading financial technology company that sits at the crossroads of HCM, SaaS and robo-recordkeeping. Our mission is simple: Provide the 50+ million Americans working for small businesses with an easy, low-cost option to save for retirement at work. We are a pioneer in transparent, flat-fee retirement plans, and for over 20 years, have helped more than 9,000+ businesses contribute over $2.5 billion toward retirement savings. To learn more, visit: www.myubiquity.com.

About Paradigm RKS(™)

Launched in 2016 by the small business retirement experts at Ubiquity Retirement + Savings®, Paradigm RKS(™) is a future-ready recordkeeping solution for financial institutions looking to service the micro-plan market. Paradigm is utilized by leading financial institutions across the country on a business process outsourcing (BPO) basis. Since the launch of Paradigm, the system has processed over $1.8+ billion in retirement plan contributions.

About Armanino LLP

Armanino LLP is one of the top 25 largest independent accounting and business consulting firms in the United States. Armanino provides an integrated set of audit, tax, risk assurance, business management, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business, from startup through rapid growth to the sale of a company.