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Products June 1, 2003
Pan-American Sets Sights on Larger Plans
January 6, 2003 (PLANSPONSOR.com) - Pan-American
Life has expanded its target market with the introduction of
Institutional(k), a product the firm says is designed for
plans with more than $5 million in assets.
Reported by Nevin E. Adams
According to the New Orleans-based provider, its Institutional(k) product includes a multi-fund investment platform, with no proprietary funds required, and what Pan-American describes as a “completely unbiased fund selection evaluation process.”
The program, which includes funds from AIM, Templeton, T. Rowe Price and Vanguard, also offers a Fiduciary Liability Management Program that the firm says can help plan sponsors manage their fiduciary obligations.
The program also includes participant education support including materials in Spanish.
The New Orleans-based provider had traditionally focused its retirement plan products on the small to mid-sized company marketplace, according to a press release.