Oppenheimer RK Program Added to Merrill Retirement Platform

Record(k)eeper Pro is a fully automated recordkeeping program that includes a comprehensive participant education program, according to an announcement from the retirement plans services division of OppenheimerFunds Distributor, Inc. (OFDI). The program provides recordkeeping services through FASCore, LLC.

The product offers a multi-manager investment program with options from OppenheimerFunds and other prominent fund families and a plan review program that includes a comprehensive report reviewing a plan’s statistics for a specified time period and comparing it to the industry average for similar plans.

In addition, with Record(k)eeper Pro employers have access to the Plan Service Center, an online real time Web site providing paperless transaction processing and robust reporting capabilities.

“As part of the MLConnect platform, we are able to provide financial advisers greater flexibility and choice, offering unique features that can help meet the retirement plan needs of their clients,” said John Stoma, Senior Vice President and Director of Retirement Plans at OFDI, in the announcement.