According to a news release, the partnership enables independent financial advisers to use 401(k) plans to help build their businesses and grow assets. Focusing on plans with 100 workers or fewer, the Online 401(k) allows advisers like Oakmont to play a role in creating and managing the investments for a 401(k) plan, the release said.
Oakmont provides fee-based executive and deferred compensation plan services, including investment policy management, financial education for participants, and fiduciary review.
“Oakmont directly complements the way that The Online 401(k) works and gives small businesses the best of both worlds: a comprehensive solution previously available only from large organizations, with the personalized attention of a small firm,” said Chad Parks CEO of The Online 401(k), in the news release.
More information is available here.