An Oppenheimer news release said the Record(k)eeper Pro Plan Review Program, aimed at the small- to mid-sized companies with K plans, includes a report that reviews a plan’s statistics for a specified time period, such as the growth of a plan and the plan’s asset allocation analysis, and compares them to industry averages for similar plans.
Each report is customized at the plan level so clients are reviewing personalized and timely plan information, the announcement said.
The report features a variety of information including:
- the growth of a plan
- the plan’s asset allocation analysis
- contribution analysis and plan design benchmarks that show how the plan compares to industry averages
- a breakdown of voice response system and website usage
Financial advisors and TPAs will also have access to a PowerPoint presentation, which provides industry information and discusses the tools and programs available from OppenheimerFunds that can assist plan sponsors and educate participants.
The Plan Review program is available on Record(k)eeper Pro’s PartnerLink Web site for TPAs and advisors and on the Plan Service Center for plan sponsors.