LTSave, Inc. announced that its advice products can be delivered to participants either by the plan sponsor or through the plan provider. The company said it functions as a fiduciary for the purposes of ERISA.
The company said its advice offering develops a portfolio for the employee based upon investment options available in the sponsor’s plan. It provides the participants with specific rebalancing recommendations, which they can implement on a self-service basis. For participants who elect to do so, LTSave also offers to manage their account on a discretionary basis.
Finally, LTSave provides one-on-one advice to participants who wish to speak with an investment professional and hosts participant group sessions to educate plan participants about retirement-savings issues. For more information about the Boston, Massachusetts-based company’s products, go to www.ltsave.com .