ICMA, which assists in the establishment and maintenance of retirement plans for state and local government employers, serves more than 6,000 government employers nationwide with over 500,000 participants, according to a news release from ICMA.
Under this new arrangement, participants in ICMA plans now can benefit from free or low-cost access to mPower’s online analysis tools
Plan participants can choose between three levels of mPower advisory services, they are:
· participants are given general asset class level
recommendations at no cost, customized to their current
savings level, goals, time until retirement, and risk
· participants in ICMA-RC plans can receive asset class guidance tailored to the fund options offered in their specific plan, and
· for a fee, participants can use mPower’s independent fund analysis and advice service, which offers a greater level of personal customization and the ability to evaluate investments based upon each product’s actual historical results and risk level.
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