Products February 28, 2011

American Pension Services Adds to Investment Lineup

February 28, 2011 (PLANSPONSOR.com) – Clearwater, Florida-based American Pension Services announced that its Platinum 401k multiple employer plan solution has added investment platforms from Great‐West Retirement Services and John Hancock.
Reported by

A news release said the additions for the small to mid‐sized defined contribution market join the firm’s existing lineup of Transamerica Retirement Services and Hartford Life.

The Platinum 401k program affords clients the ability to eliminate their annual plan audits, eliminate plan sponsor‐level trustee liability, eliminate their annual Form 5500 filings, and, through the use of Montgomery Retirement Plan Advisors, Inc., an ERISA 3(38) Investment Manager, to select and monitor investment options, according to the company.

The outsourcing of investment selection allows the plan adviser to provide services to their client – including handling rollover funds from terminated employees – without becoming a fiduciary to the plan, the news release said.

More information is at  www.ThePlatinum401k.com.

«