Products March 20, 2015

Revzon Unveils 401(k) for Small-Company RIAs

The EZ K Plan from Revzon Consulting Group is a full- service, one-stop 401(k) plan package that lets registered investment advisers meet the needs of small-company clients.
Reported by

The plan is designed for companies with up to 100 employees looking to incorporate a full-service 401(k) plan. Employers with existing plans that want to lower out-of-pocket costs without sacrificing services and fund choices may also find it attractive. The fund menu gives access to retirement shares offered by more than 100 fund families. Registered investment advisers (RIAs) can offer it as an alternative to Internet-only 401(k) solutions while earning compensation from funds.

EZ K Plan features include adviser guidance and education, simplified administration, professional compliance services, specialized reports, and Web capability, attributes the firm says rival those in the 401(k) plans of larger plan sponsors, minus the costs and workload.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

Revzon Consulting Group, in Marshfield, Massachusetts, is a consulting firm that provides trust and retirement services.

More details about the EZ K Plan are at Revzon’s website. RIAs can email Joseph Cantin, senior vice president of qualified plan sales at Revzon Consulting, to learn more.

Products March 19, 2015

Blue Prairie Group and PSCA Offer ERISA Course

Blue Prairie Group is partnering with the Plan Sponsor Council of America to provide an online fiduciary training program for clients impacted by the Employee Retirement Income Security Act.
Reported by

Plan Sponsor Council of America’s (PSCA) online fiduciary training program provides a certificate of completion for fiduciaries who complete a series of modules and pass corresponding tests. 

Blue Prairie Group says it has provided fiduciary education and training in the past, but has decided to adopt the PSCA program because of the certificate of completion and the essential fiduciary training involved. The program was developed by attorneys with expertise in ERISA, notes Ty Parrish, managing partner at Blue Prairie Group. “We also like that the program has the backing of one of the most well-known and highly regarded retirement industry organizations,” he says.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

Fiduciary education is a key component in understanding how to properly discharge one’s fiduciary duties, according to Matt Gnabasik, managing partner at Blue Prairie Group. “It can be challenging to provide meaningful training in a jam-packed committee meeting,” he says. “With the online program, everyone can be assured of consistent, up-to-date content. We will also use this program to onboard new committee members and make it part of our larger client onboarding process.”

Blue Prairie Group is a Chicago-based institutional retirement and investment consulting firm, while Plan Sponsor Council of America is a non-profit trade association supporting employer-sponsored retirement plans.

«