Patents by Inventor Mark Gilje
Mark Gilje has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Publication number: 20140136244Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: ApplicationFiled: January 16, 2014Publication date: May 15, 2014Applicant: BANCORP SERVICES, LLCInventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Patent number: 8639537Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: GrantFiled: October 12, 2011Date of Patent: January 28, 2014Assignee: Bancorp Services LLCInventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Publication number: 20120029953Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: ApplicationFiled: October 12, 2011Publication date: February 2, 2012Applicant: Bancorp Services, L.L.C.Inventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Publication number: 20110131069Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: ApplicationFiled: February 4, 2011Publication date: June 2, 2011Applicant: Bancorp Services, L.L.C.Inventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Publication number: 20070265889Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: ApplicationFiled: July 20, 2007Publication date: November 15, 2007Applicant: Bancorp Services, L.L.C.Inventors: Seth Koppes, Edward Lanigan, William Meier, Richard Hurwitz, Chris Garlich, Mark Gilje, Scott Fargo
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Patent number: 7249037Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: GrantFiled: September 9, 1996Date of Patent: July 24, 2007Assignee: Bancorp Services L.L.P.Inventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Publication number: 20040230505Abstract: A compensation tracking system provides not only plan tracking at the plan participant level, but also plan participant payment benefit tracking (also referred to as “payout bucket” tracking). Such systems may require that plan participant account balances be capable of being allocated into several targeted investments or indexes. In the context of benefits that are hedged using qualifying hedging transactions, the qualifying hedging transactions are broken down into an aggregate of mini-hedges attributable to each plan participant's possible benefit payments.Type: ApplicationFiled: May 14, 2003Publication date: November 18, 2004Inventors: Chris Garlich, Seth Koppes, Bill Meier, Mark Gilje
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Publication number: 20040215493Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: ApplicationFiled: September 9, 1996Publication date: October 28, 2004Inventors: SETH C. KOPPES, EDWARD J. LANIGAN, WILLIAM A. MEIER, RICHARD M. HURWITZ, CHRIS J. GARLICH, MARK A. GILJE, SCOTT L. FARGO
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Publication number: 20020013751Abstract: An automated system for managing the assets and liabilities of Non-Qualified Deferred Compensation (NQDC) plans. This system uses information from money managers, insurance and annuity carriers, plan sponsors and plan participants to track and report the assets and liabilities of NQDC plans on a daily basis. NQDC plans have typically been defined benefit (DB) plans where funding, if any, occurred on a very informal basis. Due to previous systems limitations of insurance carriers, plan sponsors did not have on-line access to the value of their investments or the value of the liabilities of the plan. Furthermore, plan participants did not have on-line access to information about their plan. The present system, in addition to handling DB plans, also manages defined contribution (DC) plans, and allows participants to have immediate access to the value of their benefit.Type: ApplicationFiled: October 18, 1999Publication date: January 31, 2002Inventors: ANDREA MARIE FACCIANI, GERALD FACCIANI, MARK GILJE, JEAN-PHILIPPE KHODARA, SETH KOPPES, BILL MEIER
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Patent number: 5999917Abstract: An automated system for managing the assets and liabilities of Non-Qualified Deferred Compensation (NQDC) plans. This system uses information from money managers, insurance and annuity carriers, plan sponsors and plan participants to track and report the assets and liabilities of NQDC plans on a daily basis. The system interfaces with fund managers and insurance and annuity carriers via modem links and with plan sponsors and participants via modem, fax or automated voice response units. The system calculates the value of the liabilities of the plan, the value of the assets of the plan and produces a report comparing the status of each on a daily basis. The system reviews the balance and levels that the sponsor has provided and determines whether changes in asset allocation are required. If changes are required, the system either provides the relevant information to the plan sponsor or directly to the asset manager, whether it be a mutual fund, insurance policy, or annuity that needs adjustment.Type: GrantFiled: August 29, 1996Date of Patent: December 7, 1999Assignee: Bancorp Services, L.L.C.Inventors: Andrea Marie Facciani, Gerald Facciani, Mark Gilje, Jean-Philippe Khodara, Seth Koppes, Bill Meier
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Patent number: 5926792Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: GrantFiled: September 18, 1998Date of Patent: July 20, 1999Assignee: Bancorp Services, Inc.Inventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo