Called Compass Retirement Solutions, the new service offers help in choosing 401(k), profit-sharing and other benefit plans, including access to plan providers.
The bank says it receives no commissions for recommending particular vendors, which it said provides additional flexibility in combining products and pricing them for clients.
Birmingham-based Compass Bancshares Inc. the holding company for Compass Bank, has 409 full-service bank branches in Alabama, Texas, Florida, Arizona, Colorado and New Mexico.
More information about the company’s retirement services offerings is at http://www.compassweb.com/business/for_your_employees/401k/index.html
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