Products October 1, 2009

McCready and Keene Releases Small-Market Platform

Benefits consultant and service provider McCready and Keene has unveiled a recordkeeping platform aimed at small-sized clients.

Reported by

A news release said the open-architecture system for target employers with assets below $1.5 million includes daily valued investments offered at NAV without back-end loads, fully disclosed pricing, and 100% revenue-sharing to offset plan fees.

Other features include:

  • full-service in-house support;
  • plan consultation for an optimal design;
  • cross-tested plan design options and compliance;
  • annual compliance testing;
  • reports about participation, contribution levels, and performance;
  • sponsor and participant Web site access;
  • quarterly statements mailed to participants home addresses;
  • ROTH features;
  • auto-rebalance features;
  • enrollment materials;
  • full distribution services, including check-writing and 1099s; and
  • fee-for-service pricing with all revenue-sharing received used to offset administration fees.

 

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