Products April 7, 2009

401kDIRECT Teams Up to Offer ETFs

401kDIRECT launched a new program that gives advisers, third-party administrators (TPAs), and plan sponsors access to exchange-traded funds (ETFs).
Reported by

The ETFs will be available for 401(k), 457, and 403(b) plans on the 401kDIRECT platform through the Mid Atlantic Trust Company’s ETFxChange Program, according to a news release.

Key features of the offering, which is offered in bundled and un-bundled 401KDIRECT programs, include the ability to trade like mutual funds and the availability of “virtually unlimited trading,” according to the company. It can also be offered alongside traditional mutual funds.

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Advisers and TPAs can create 12b-1 payouts, according to the release.

 

 

 

More information is available at www.401k-direct.com or by calling 800.571.5104 ext. 2.

 

Deals & People April 7, 2009

Roland|Criss Adds Higher Education, Non-Profit Industry Veteran

Roland|Criss Fiduciary Services, a provider of fiduciary protection and certification programs to retirement plan sponsors and endowments, announced the addition of Brian Cressey to its staff.
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Cressey will serve in the role of director of the West Region, according to a news release. He has more than 25 years of experience delivering retirement plan solutions to plan sponsors in the educational, research, governmental, and non-profit sectors.

In his new role, Cressey will focus on serving plan fiduciaries in the corporate, public, and non-profit sectors to mitigate fiduciary risk by utilizing Roland|Criss’ proprietary training, rating, and certification programs, the company said.

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Prior to joining Roland|Criss, Cressey served as the director of Institutional Relationships at the SageView Advisory Group, a registered investment adviser located in Irvine, California. Cressey joined SageView last summer (see “SageView Advisory Group Adds Non-Profit Specialist from TIAA-CREF“).

Before going to SageView, he served as a regional vice president responsible for middle market institutions in the West for TIAA-CREF. He also played a key role in developing and managing TIAA-CREF’s Washington, D.C., and Newport Beach, California, branch offices, according to the release.


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