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Products February 28, 2011
American Pension Services Adds to Investment Lineup
Great-West Retirement Services and John Hancock investment options will be added to American Pension Services' multiple-employer plan solution.
Reported by Fred Schneyer
American Pension Services’ Platinum 401k program already includes investment platforms from Transamerica Retirement Services and Hartford Life.
The Platinum 401k program offers clients the ability to eliminate annual plan audits, plan sponsor‐level trustee liability, annual Form 5500 filings, and through the use of Montgomery Retirement Plan Advisors, Inc., an ERISA 3(38) Investment Manager, to select and monitor investment options.
The outsourcing of investment selection allows the plan adviser to provide services to their clients – including handling rollover funds from terminated employees – without becoming a fiduciary to the plan, the company reported.