The solution offers amenities traditionally offered to larger companies and Hub RPW says it is ‘a sophisticated retirement option if an employer is in a state requiring a...
The firms say it can help employers, who won’t need to respond to as many inquiries from former employees about reuniting them with their balances.
It also allows sponsors to identify opportunities to improve participant outcomes.
Thirty-five fiduciary advocates and leaders have created the center, which will be affiliated with at least one university, to help develop exemplary fiduciaries.
The certificate was developed by the CFA Society of the United Kingdom is recognized by the UN Principles for Responsible Investment.
It can analyze how prepared people are for retirement and assess each user’s ‘financial personality.’
The platform is said to provide out-of-plan emergency savings support alongside the retirement plan and other workplace savings accounts.
The firm says its framework bridges the DOL’s regulatory guidance and successful implementation of alternative assets in 401(k) plans.
The firm notes that the coronavirus pandemic has added to the burden many caregivers bear and created more caregivers.
It can also provide resources to help in working with legal counsel, accounting firms and regulators.