Putnam Launches New DC Platform

Putnam Investments unveiled a new defined contribution platform for advisers and their plan sponsor clients.

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.

More information is available at www.putnam.com