Where Do We Get Our Data For 5500Leads?
If you've been shopping for insurance and 401k leads, it's time to pay attention. We're about to share an industry secret: all Form 5500 data is the same. Every company that is selling this information gets their data from the EXACT SAME SOURCE: Department of Labor (DOL) Form 5500 filings.
It's what we do with the data AFTER that makes all the difference.
What Makes 5500Leads Data Different?
We stand out from our competitors by doing four simple things better to the Form 5500 data:
- Data Cleansing
- Data Hygiene
- Data Standardization and
- Data Augmentation
With our 5500Leads search engine, we deliver timely, accurate search results. You'll get the leads you need to grow your book of business. And when we say "timely," we mean it; we refresh and update our data every single month.
Raw Data from the DOL is a Mess
On average over 650,000 new Form 5500 filings are filed each year. Each of those filings are submitted by thousands of different consultants, payroll providers, accountants and software systems. Each one of those filers handles data a little bit differently.
What's the result? Non-standard data with abbreviation, punctuation and spelling errors galore.
Let's take a look at Priceline, the well-known firm that helps folks find discount travel. In their most recent DOL filings, they spelled their company name two different ways:
- The Priceline Group Inc.
- Priceline.com, Inc.
and that's Priceline, an industry leader who can afford to pay to get these filings done properly.
A Data Partner YOU Can Trust
That's why you need to partner with a software that does all the hard work for you. We've developed a proprietary 10-step process for cleaning, standardizing and augmenting DOL's Form 5500 filings.
If you are a data nerd like us, you can read more about our '10-Step Process to Clean, Standardize and Augment Data'.