Patent ID: 8626649
Filing Date: 2014-01-07
Classification: G06Q

Abstract:
1. A computer system for facilitating provision of loans to a plurality of participants of one or more employee benefit plans associated with one or more record keepers, said computer system comprising: one or more computers; and one or more computer-readable storage media operatively connected to one or more processors in the one or more computers, comprising computer program instructions configured for causing, when executed, the one or more computers to perform steps comprising: accessing, using the one or more computers, in the performance of one or more of the following steps, one or more electronic databases comprising: for each of multiple of the individual participants, performing the steps: receiving or obtaining, using the one or more computers, a selection from a selecting entity on behalf of the participant, of one or more of the aggregated investment accounts from among the first plurality of aggregated investment accounts; creating or maintaining, using the one or more computers, a respective one of the individual participant asset-funded loan fund accounts for each of the one or more aggregated investment accounts selected by or for the individual participant; generating investment data for respective of the individual participants, using the one or more computers, for a respective one of the individual participants, to move funds from the core investment account of the respective individual participant's employee benefit plan account to fund or maintain funds in the one or more respective individual participant asset-funded loan fund accounts of the respective individual participant to be held in the one or more of the aggregated investment accounts selected by or on behalf of the respective one individual participant; funding each of the one or more respective individual participant asset-funded loan fund accounts of the respective individual participant with assets of the individual participant segregated from the core investment account of the individual participant based at least in art on the investment data generated for the respective individual participant; receiving redemption data and payment data for one or more of the individual participants; generating transfer data, using the one or more computers, for transferring one or more amounts of funds associated with the one or more individual participants having the redemption data, from one or more of their respective asset-funded loan fund accounts to service the one or more redemptions, wherein the funds of the respective asset-funded loan fund accounts are held in one or more of said aggregated investment accounts; and determining at least for each of the one or more individual participants for which redemption data and/or payment data was received, using the one or more computers, an update of the one or more balances for the one or more asset-funded loan fund accounts of the respective individual participants based at least in part on the transfer data and/or the payment data associated with the respective individual participant.