August 22, 2012
--- SCI
Companies enhanced its 401(k) solutions in an effort to increase participation
rates for its clients. ---
Effective immediately, RBF Capital Management Inc. will be
SCI Companies’ new investment advisory firm, replacing a more than five-year
relationship with Transamerica Retirement Services. The new solution from RBF
Capital will offer open-architecture plans, in which employees have the
flexibility to design their own retirement plan from a greater spectrum of
investment options. Another benefit of open-architecture retirement plans is
the total transparency associated with provider fees.
“The future of deferred retirement plans is fee transparency
and customization,” said Rafal Baranski, chief executive of RBF Capital. “The
ability to identify and track plan expenses, customize plan choices and modify
investment features will now give the plan sponsor complete control. A
retirement plan is not a commodity, as in ‘one size fits all.’ Rather, it
should be an important employee benefit tailored to suit the plan sponsor’s
goals and needs.”
RBF Capital also formed partnerships with ExpertPlan, which
will assume plan administrator and recordkeeper responsibilities, and MG Trust,
which will be the plan custodian and clearing platform, to give participants
the benefits of full-service and support programs.
More about SCI Companies is here.
Rebecca Moore