Putnam Launches New DC Platform

According to a press release, the offering will serve clients in the small, mid-size, and large market segments, using the recordkeeping services of FASCore, LLC. Putnam and FASCore are subsidiaries of Great-West Lifeco Inc. and members of the Power Financial Corporation group of companies.

The announcement said Putnam’s new 401(k) program will provide plan sponsors with:

• Putnam’s proprietary mutual fund offerings, including Putnam Absolute Return Funds;
• an open architecture investment platform with performance screens to help streamline selection for advisers and plan sponsors;
• core plan design with automated features aimed at improving retirement readiness and reducing administrative burdens;
• pricing and fee transparency;
• an array of qualified default investment alternative (QDIA) options.

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