Key Takeaways
- • Corendi launched its cloud-native, API-first recordkeeping platform on November 9, 2026, aimed at retirement plan recordkeepers and third-party administrators (TPAs), according to a Business Wire release datelined Sandy, Utah.
- • The platform lets firms run retirement plans on a modern core system under their own brand, without building one in-house, and is widely available as of the launch date.
- • Core functions include daily recordkeeping with real-time data access, API-driven plan document generation, year-round compliance testing, and two-way payroll connections in place of batch file uploads.
- • The launch targets pressures from 2027 rule changes, including full enforcement of SECURE 2.0's Roth catch-up rule for high earners starting January 1, 2027, and the first year of the federal Saver's Match.
- • Corendi will present the platform at the RANDUG 2026 Annual Meeting (November 11-13, Clearwater Beach, Florida) and the SPARK Forum (November 15-17, Palm Beach, Florida).
Summary
Corendi, based in Sandy, Utah, has launched a cloud-native, API-first recordkeeping platform designed for retirement plan recordkeepers and third-party administrators (TPAs). According to the company's Business Wire announcement, the platform allows firms to operate plans on a modern core system under their own brand, avoiding the need to build such infrastructure internally. The company describes the product as the system underneath a firm's recordkeeping service, spanning plan documents, payroll connections, compliance testing and participant records.
The launch comes as demand for retirement plan administration grows, particularly in states running automatic-IRA mandates. The release cites Colorado data showing new plans made up 18.4% of all private-sector plans in 2023, the year the state's mandate launched, up from 12.6% the year before. The company also points to SECURE 2.0's startup tax credit, which lowers the cost for employers offering a plan for the first time.
Corendi frames the platform against a crowded and pressured industry. The release states the U.S. has more than 40 national and roughly 200 regional recordkeepers, a count it characterizes as unsustainable, and notes that private equity-backed firms continue to acquire independent TPAs. It identifies 2027 as a pressure point: full enforcement of the Roth catch-up rule for high earners begins January 1, 2027, and the Saver's Match, which replaces the Saver's Credit with a federal contribution of up to $1,000 deposited into eligible workers' accounts, is expected to see first deposits in 2028.
The platform exposes its functions through APIs, allowing firms to connect it to existing payroll, custody and advisor tools. Key capabilities include real-time access to plan and participant data, compliance testing conducted throughout the year rather than only at year-end, two-way payroll integration, and white-label experiences for plan sponsors, advisors and participants. Dan Beck, Co-Founder of Corendi, said recordkeeping technology has improved on the surface but changed little underneath, and that the 2027 mandates make that gap more costly. He added that the platform offers an alternative to a multi-year rebuild or continued patching of legacy systems.
Corendi will introduce the platform at the RANDUG 2026 Annual Meeting, held November 11-13 at the Sandpearl Resort in Clearwater Beach, Florida, and will meet with recordkeeping and plan provider leaders at the SPARK Forum, November 15-17 in Palm Beach, Florida.
The launch comes as demand for retirement plan administration grows, particularly in states running automatic-IRA mandates. The release cites Colorado data showing new plans made up 18.4% of all private-sector plans in 2023, the year the state's mandate launched, up from 12.6% the year before. The company also points to SECURE 2.0's startup tax credit, which lowers the cost for employers offering a plan for the first time.
Corendi frames the platform against a crowded and pressured industry. The release states the U.S. has more than 40 national and roughly 200 regional recordkeepers, a count it characterizes as unsustainable, and notes that private equity-backed firms continue to acquire independent TPAs. It identifies 2027 as a pressure point: full enforcement of the Roth catch-up rule for high earners begins January 1, 2027, and the Saver's Match, which replaces the Saver's Credit with a federal contribution of up to $1,000 deposited into eligible workers' accounts, is expected to see first deposits in 2028.
The platform exposes its functions through APIs, allowing firms to connect it to existing payroll, custody and advisor tools. Key capabilities include real-time access to plan and participant data, compliance testing conducted throughout the year rather than only at year-end, two-way payroll integration, and white-label experiences for plan sponsors, advisors and participants. Dan Beck, Co-Founder of Corendi, said recordkeeping technology has improved on the surface but changed little underneath, and that the 2027 mandates make that gap more costly. He added that the platform offers an alternative to a multi-year rebuild or continued patching of legacy systems.
Corendi will introduce the platform at the RANDUG 2026 Annual Meeting, held November 11-13 at the Sandpearl Resort in Clearwater Beach, Florida, and will meet with recordkeeping and plan provider leaders at the SPARK Forum, November 15-17 in Palm Beach, Florida.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.