Featured Topics
Retirement Industry
Magazine Archive
Education/Advice
Where Do you Go for Financial Advice?
A news release said the MDA, an interest-bearing demand deposit account, is an alternative cash vehicle that allows for pass-through FDIC insurance for individual account holders. The CPI platform offers defined contribution plan sponsors a daily valuation environment with plan design flexibility, according to the company, based in Great Bend, Kansas. BB&T recently announced a similar product (see BB&T Offers FDIC-Insured Deposit Program to 401(k)s).
A news release said the MDA, an interest-bearing demand deposit account, is an alternative cash vehicle that allows for pass-through FDIC insurance for individual account holders.
The CPI platform offers defined contribution plan sponsors a daily valuation environment with plan design flexibility, according to the company, based in Great Bend, Kansas.
BB&T recently announced a similar product (see BB&T Offers FDIC-Insured Deposit Program to 401(k)s).
PLANSPONSOR staffeditors@plansponsor.com
Copyright ©1989-2011 Asset International, Inc. All Rights Reserved. No Reproduction without Prior Authorization