New service making compliance cheaper

The Internet Broadcasting Co. has created a new Internet service that will help fund companies and defined contribution plan administrators deliver SEC documents to shareholders electronically. The service, called i-Fulfillment, is being marketed as a means of cutting down on mailing costs and sending compliance documents faster. "We can deliver those same materials faster and more reliably at a cost that is approximately 75 percent less than that of traditional distribution methods," Brad Levine, CEO of the IBC said in a statement. Levine says fund companies send 760 million pieces of mail to shareholders annually.