Ascensus (formerly BISYS Retirement Services – see BISYS’ New Name Says It is “Moving Up’) has launched Quic(k)Start, a retirement plan for small businesses. Designed for organizations with 15 employees or less, Quic(k)Start offers an economical retirement plan solution with full service capabilities, according to the press release.
Quic(k)Start combines plan administration, recordkeeping services and employee communications on an open architecture retirement platform with no proprietary fund requirements, according to the firm. Product features such as (k)ruiseControl, an automatic enrollment and deferral increase program, provide built-in safeguards to help plan sponsors meet their fiduciary obligations and employees achieve their retirement goals.
Participants are provided with the tools they need to manage their retirement account using built-in product features such as full transactional Internet and Interactive Voice Response (IVR) services, access to Morningstar Retirement Manager, automated account rebalancing and personalized rate-of-return tools.
“Small businesses face a number of challenges when it comes to attracting and retaining quality employees and providing competitive benefits. The Quic(k)Start retirement plan can be the difference that sets a company apart from the rest, and we are pleased to help employers offer a cost effective yet robust retirement solution to their employees,” said Mike Narkoff, Senior Vice President, Ascensus-Distribution Support Services, in the release.