Products January 12, 2010
Guardian Kicks off TPA Awards Effort
The Guardian Insurance & Annuity Company, Inc. (GIAC), is
initiating an enhanced awards program for third-party administrators
(TPAs) whose clients utilize The Guardian Choice and The Guardian
Advantage group retirement products.
Reported by PLANADVISER Staff
A news release said the new program features an upgraded annual award as well as a new marketing allowance feature.
According to the announcement, GIAC’s program has no minimum requirements for the number of plans administered or the amount of new plan sales to qualify for the program. The new marketing allowance award starts with the first plan sold with at least $250,000 of takeover assets. The upgraded annual award applies to both start-up and takeover plans when they reach at least $250,000 in assets at the end of their contract year.
According to the announcement, GIAC’s program has no minimum requirements for the number of plans administered or the amount of new plan sales to qualify for the program. The new marketing allowance award starts with the first plan sold with at least $250,000 of takeover assets. The upgraded annual award applies to both start-up and takeover plans when they reach at least $250,000 in assets at the end of their contract year.