Products November 9, 2005

PNC Expands 401k Offering to Smaller Plan Market

November 9, 2005 (PLANSPONSOR.com) - PNC Advisors has announced that its VestedInterest 401(k) plan is now available to companies that have retirement plans with assets between $1 million and $4 million.
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According to PNC’s press release, the smaller plan market will enjoy features of its 401(k) offering such as:

  • A wide range of investment choices – Vested Interest’s mutual fund lineup consists of more than 135 options within 19 fund families.
  • A dedicated Client Service team – Each plan sponsor is assigned a relationship manager that leads a committed PNC team.
  • Targeted employee education – Comprehensive annual campaigns are designed and executed by assigned, non-commissioned consultants.
  • Stringent compliance and due diligence – Advisors takes a consultative approach to plan design, while accepting trustee responsibility for all government reporting.

Bonnie Fawcett, managing director for VestedInterest, said in the announcement, “Our competitive analysis tells us that VestedInterest’s bundled 401(k) delivery of investment, education, and compliance services is attractive to companies who sponsor smaller plans – at a reasonable cost.”

PNC Advisors, a member of The PNC Financial Services Group, Inc., is a wealth manager, providing services and advice to affluent individuals and families, including full-service brokerage through Hilliard Lyons. The company’s Web site is  www.pncadvisors.com .

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