Products February 26, 2008

PA Firm Puts Out Roth Analysis Tool

ERISA Expertise LLC, a Blue Bell, Pennsylvania, plan services provider, has introduced the Roth 401(k) Analyzer V3.0.
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A news release said the product is a report generator that permits advisers, HR and planning professionals, or participants to select from three reports (basic, annuity, or super-stretch) to illustrate how changes in one’s future tax rate impacts retirement benefit distribution outcomes.

The product also includes Roth 401(k) Knowledgebase, which the company said offers compliance and planning information, articles, examples, case studies, and FAQs to assist advisers, employers, and plan participants.

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Barry R. Milberg, company founder and developer of the analyzer, commented: “We’ve seen a considerable increase in the industry’s appetite for the Roth 401(k) feature since our analyzer’s initial release in 2005.”

More information is at www.roth401kinfo.com.

Products February 26, 2008

Great-West Expands Sales through Advisers, Consultants, and TPAs

Great-West Retirement Services has appointed three regional sales directors to focus on development of new corporate 401(k) plan business through brokers, financial advisers, consultants, and third-party administrators (TPAs).
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Bill Harmon, vice president of 401(k) sales for Great-West Retirement Services, announced the appointment of new sales directors Bob Riebesehl, Keith Cattaneo, and Matt Flynn. Riebesehl’s territory includes Westchester County, New York City, and Long Island, New York; Cattaneo is responsible for the East Bay and Sacramento, California, areas and Reno, Nevada; and Flynn covers Peninsula, San Jose, and Monterey, California.

Riebesehl and Cattaneo both join Great-West Retirement Services from Lincoln Financial Group. Flynn previously worked at the Principal Financial Group, a company announcement said.

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Great-West Retirement Services is a business unit of Great-West Life & Annuity Insurance Company and provides 401(k), 401(a), 403(b), and 457 retirement plan services to approximately 20,000 plans representing more than 3.5 million participants and $115 billion in assets at Dec. 31, 2007.

It was ranked the fourth-largest retirement plan recordkeeper based on total participants by PLANSPONSOR magazine in June 2007 (See Recordkeeping Survey 2007: Under Currents).

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