According to the announcement, ProNvest offers two options for retirement plan participants. One option, available at no cost to participants, offers recommendations of six investment portfolios that could suit their retirement savings needs. This option is for the plan participants who have the time and interest to manage their own investments.
The second option is designed for participants who wish to have their account managed for them. For a fee, active management includes fund selection, automatic rebalancing and ongoing monitoring of a participant’s account, the announcement said. In addition, participants are offered coaching and assistance during asset accumulation and distribution.
For plan sponsors, the ProNvest solution helps makes education available to participants.
Through its Retirement Services division, AUL provides retirement plan products and services to small- and mid-sized employers. More information can be found at www.eretirement.aul.com .