Advisory Firm Launches 401(k) Investment Management Program

An Overland Park, Kansas advisory firm has unveiled a program under which it chooses a 401(k) plan’s investment option lineup and assumes fiduciary responsibility for its choices.

A news release from Sanders Booze Capital Advisors said the company’s 401(k) Fiduciary Navigator Program allows it to take responsibility for the selection, monitoring, and deselection of the plan’s investment options based on investment criteria set by the plan’s investment committee.

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“Investment outsourcing has already proven to be very popular in the traditional defined benefit pension industry as plan sponsors realized they can achieve greater efficiencies by delegating their investment fiduciary duties. Now, we allow 401(k) plan sponsors to improve their plan’s efficiency and greatly reduce their fiduciary risk. This allows plan sponsors to concentrate on running their business – not their retirement plans” said Ron Sanders, co-founder and president, in the news release.

More information about the company is at www.sandersbooze.com.

SaveDaily Upgrades 401(k) Statement Tool

Recordkeeping technology provider SaveDaily.com can now post vesting to 401(k) participant statements and is now offering fulfillment options including electronic and mail distribution.
According to a company news release, the added features to SaveDaily.com’s 401(k) statement generation tool are in line with the Pension Protection Act of 2006 requirement that quarterly participant statements reflect all plan costs, including subsidies.

The company’s revamped statement extraction tool discloses all plan subsidies and fees to participants.

“Vesting has always been an issue for retirement plan sponsors and their administrators,” said James Nickles, chief marketing officer at SaveDaily.com, in the news release. “We have a flexible approach that provides our recordkeeping platform customers with a participant statement program that can post vesting, reflect all subsidized fees and is both cost effective and easy to use.”

For more information go to www.savedaily.com.

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