Ameritas is introducing two retirement plan choices to help plan participants reach their financial goals: the Ameritas GPS platform and a 403(b) platform.
The enhanced Ameritas GPS offers participants with an open architecture platform to build a tailored retirement plan. Participants can select specific services and investments to address personal and business goals. The platform also offers a custom glide path option and multiple fixed income options, among other enhancements. Matrix Trust Co. will handle the investment management portion of Ameritas GPS.
“Ameritas GPS makes it easier for employees to understand the importance and value in saving for their financial future, leading to increased plan participation,” says Jim Kais, senior vice president of retirement plans at Ameritas. “Our retirement plans division continues to innovate to meet the needs of our customers. Ameritas GPS is just another way we can craft a plan that benefits participants and supports your benefits program.”
Ameritas is also offering a 403(b) program to meet the needs of nonprofit and tax-exempt organizations, churches, certain governmental employers and school plan sponsors.
“Our legacy at Ameritas has been to serve the small business community, and we’re continuing that effort in the not-for profit 403(b) space,” says Scott Holecheck, second vice president, business development, for retirement plans at Ameritas. “With our strong history of community service, it only makes sense that we help those organizations with their retirement needs.”
The 403(b) program will give nonprofit employers the opportunity to provide key features to fit the retirement planning needs of their employees. These features include an open architecture net asset value (NAV) mutual fund platform, an online participant education and enrollment program, and custom glide path models.
Last March, the retirement plans division also announced the launch of a new glide path strategy, RetireExpress.