Products October 14, 2014

Sage and July Launch Cash Balance Plan Solution

Sage Advisory Services and July Business Services launched a full-service packaged solution for cash balance plans.
Reported by

The Web-based service, Cash Balance Complete, introduces institutional cash balance expertise to small and midsized businesses.

“Smaller to midsized companies don’t have access to the institutional experience needed to capitalize on professionally managed cash balance plans,” says Robert Smith, president and chief investment officer (CIO) at Sage. “We developed Cash Balance Complete to bring significant design and cost efficiencies to this market segment, without displacing the trusted advisers that are the core of retail investing.”

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Sage has constructed three different collective investment funds (CIFs) with unique risk sets to meet target interest crediting rates. The CIFs also allow businesses to engineer glide paths to de-risk as goals are met.

July is a national service provider that delivers actuarial services, custom plan designs, recordkeeping, administration services, enrollment materials, education and reporting to more than 3,000 clients.

Deals & People October 14, 2014

John Hancock RPS Adds to Mountain Region Sales Staff

John Hancock Retirement Plan Services (RPS) hired Chris Bradford as regional vice president for sales and relationship development among advisers and plan consultants in Colorado, Wyoming and Montana.
Reported by

Bradford reports to Gary Tankersley, divisional vice president for the Mountain States region. Tankersley says the firm hopes to leverage Bradford’s expertise to grow its client base in the region.

Bradford has nearly 20 years of experience in the retirement plan services industry, most recently as a 401(k) sales director handling Colorado, Utah and Wyoming for another retirement plan provider.

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He is a graduate of Westminster College with a degree in business administration. He holds the accredited investment fiduciary (AIF) designation and Series 6 and 63 licenses from FINRA, as well as life, accident and health insurance licenses.

Additional information about John Hancock may be found at www.johnhancock.com.

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