According to a news release from the Mobile, Alabama-based plan provider, conneKt users can now create, modify, and update Investment Model Portfolios. Other site improvements include enhanced distribution processing, an improved payroll editor, and enhanced reporting.
The company said an Investment Model Portfolio is a customized mix of investment options drawn from the offerings available in the retirement plan. Sponsors or advisors have the ability to create a series of guided model portfolios specific to their plan participants’ needs, the DailyAccess statement said.
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