Ascensus, Pacific Life Team up on 401(k) Plan for Small Businesses

Ascensus and Pacific Life have teamed up to offer a new 401(k) program to address the needs of small-business plan sponsors.

The Pacific Life Keystone Program provides fee transparency, investment flexibility, and a simplified implementation process, according to a press release.   

The program offers access to Portfolio Optimization Funds offered through Pacific Life’s five targetrisk funds that range from conservative to aggressive. In addition, plan sponsors may choose from a variety of other investment options.

“We are committed to providing financial professionals with the tools and training they need to help their clients. Together, our goal is to make it easy for employers to implement a workplace retirement plan for employees. The Keystone Program offers a straightforward option for small business owners and is a great complement to our existing lineup of employersponsored plan solutions,” said Christine Tucker, vice president of marketing, Pacific Life, Retirement Solutions Division, in the announcement.