Providers Link For Qualified Plan Offerings

December 12, 2000 ( - CCH's Bankers Systems and Newkirk unit McKay Hochman formed a strategic alliance to provide financial institutions with access to ready-made IRA and qualified retirement plan options - increasing options for plan sponsors.

Bankers Systems will focus on providing IRA documentation, consulting, and administration services, while McKay Hochman will concentrate on qualified retirement plan document and Internet offerings.

“Net” Working
In addition to McKay Hochman’s Internet document creation tools, clients will be able to tap into Newkirk’s 401(k) Portal, which provides greater integration between plan documents, enrollment communications, on-line statements, and educational materials.

Bankers Systems, who reportedly offers its IRA products to over 80% of US banks will, in turn, will open its IRA doors to Newkirk, McKay Hochman, and their customers.

– Nevin Adams