This IRON Financial-RPG solution allows advisers access to managed strategies and professionally managed investment models in defined benefit (DB) and defined contribution (DC) plans, such as 401(k) and profit-sharing plans. IRON Financial will provide section 3(38) Investment Fiduciary Services using RPG Consultants’ open architecture recordkeeping platform, as well as RPG’s value-added plan consulting, actuarial and administration services for all types of plans.
The IRON Financial solution will integrate with RPG’s platform to provide customized retirement plans, allowing for a variety of allocation models and portfolio options.
“IRON Financial is pleased to partner with RPG Consultants to provide a differentiated ERISA 3(38) solution in the open architecture space,” said Steven Weil, managing director of corporate retirement services at IRON Financial. “Our solution is defined by a CEFEX-certified proprietary investment process that offers complete transparency and state-of-the-art deliverables. Our model is designed to add a support structure to advisers in this changing fiduciary world.”
IRON Financial’s solution helps significantly reduce fiduciary risk by addressing it directly with an accessible solution. IRON Financial’s 401(k) methodology and the technology created specifically to implement it are designed to help reduce the sponsor’s risk by providing a customized investment solution for each plan participant at a reasonable cost. Advanced technology makes this risk mitigation solution cost-effective and easy to implement.