Pan-American Sets Sights on Larger Plans

January 6, 2003 ( - Pan-American Life has expanded its target market with the introduction of Institutional(k), a product the firm says is designed for plans with more than $5 million in assets.

According to the New Orleans-based provider, its Institutional(k) product includes a multi-fund investment platform, with no proprietary funds required, and what Pan-American describes as a “completely unbiased fund selection evaluation process.”  

The program, which includes funds from AIM, Templeton, T. Rowe Price and Vanguard, also offers a Fiduciary Liability Management Program that the firm says can help plan sponsors manage their fiduciary obligations.

The program also includes participant education support including materials in Spanish.

The New Orleans-based provider had traditionally focused its retirement plan products on the small to mid-sized company marketplace, according to a press release.