RPG Adds Mid Atlantic Trust Co. to List of Approved Custodians

RPG Consultants said the addition of Counsel Trust Company will open the door for exchange-traded funds (ETFs) and that the program overcomes existing obstacles to holding ETFs in all types of defined contribution plans, such as 401(k), 403(b), 457(b) and profit-sharing plans.

The RPG401k system will integrate with MATC’s ETFxChange product to provide retirement plans with open-architecture, allowing for an array of ETF and mutual fund investment choices, according to a press release. RPG said the addition will offer significant cost savings to plan sponsors and participants.

RPG’s recordkeeping and administrative capabilities provide a complete retirement plan solution to financial advisers and plan sponsors, giving them access to hundreds of ETFs and thousands of mutual fund choices, according to the company.

“We believe employees who are in 401(k) plans should also be given cost-effective and easily understood investments from the widest range of choices that their financial advisers can provide and that employers have the same cost effectiveness in a seamless operational and administrative platform,” said Alvin Rapp, RPG Consultants’ founding partner, in the release. “We encourage advisers to take advantage of the features that our platform provides, including the capability of our recordkeeping system to allow the adviser to develop asset allocations and other managed models using cost-effective ETFs.”