According to the firm, the service will complement the turnkey program currently provided by RSI, which allows the advisers to support all terminated plan participants and plan sponsors in the 401(k) plans they advise.
NRP chose to expand its relationship with RSI after experiencing its ability to provide plan participants with education and access to an independent array of rollover options, and assistance with distribution processes through its Retirement Center, staffed by licensed professionals, according to a press release.
In addition, RSI’s rollover network program will enable advisers to capture more rollover assets in transition by:
- Providing a concierge roll out service to streamline and manage plan implementations
- Campaigning to participants on behalf of advisers
- Preparing participants to speak with advisers about investment decisions
National Retirement Partners (NRP) member firms provide advisory services to more than 6,000 retirement plans with assets in excess of $48 billion. NRP has over 150 member firm offices in over 39 states.
To support the NRP program, RSI has signed agreements with some of the largest 401(k) plan providers in the industry, enabling it to quickly implement services and seamlessly receive participant data, according to the firms.