Providers Waiving Fees and Expanding Services During Pandemic

Retirement plan and financial wellness providers are offering help to employees and plan sponsors during the novel coronavirus pandemic.

From waiving fees to offering additional financial help, retirement plan recordkeepers, third-party administrators (TPAs) and advisers, as well as financial wellness providers are stepping up to assist plan sponsors and employees in a number of ways during the novel coronavirus pandemic. Below is a listing of the latest announcements.

SAVVI Financial Offers Short-Term Financial Planning Tool

The Standard Offers Fee Relief to Plan Sponsors and Participants

GoalPath, Questis Partner on Financial Wellness

Ascensus Announces COVID-19-Dedicated Resources

Perspective Partners Offers Free Trial for Benefit Decision Support Technology

SmartDollar Offers Free Trial of Financial Wellness Program to Employers

BrightPlan Offers Financial Wellness Platform at No Cost During Pandemic

PCS Retirement and Aspire Offer Fee Credits for Loans and Hardship Withdrawals

Mutual of Omaha Eliminates Distribution Fees

FinFit Makes its Platform Available to Oasis Customers

Security Benefit Waives Mutual Fund Custodial Fees

Ameritas Waives Fees to Relieve COVID-19 Financial Burdens

Two West Advisors Launches Virtual Consultation Service

Pentegra Waives Coronavirus Amendment Fees

MassMutual Offers CARES Act Provisions to Retirement Plan Clients

OneAmerica Forgives Hardship Withdrawal Fees

Securian Removes COVID-19 and Hardship Withdrawal Fees

Nationwide Joins List of Providers Offering CARES Act-Related Help to Participants

Transamerica Takes Steps to Help Plan Sponsors, Participants During Coronavirus

John Hancock Announces New COVID-19 Fee Policies

Principal the Latest Provider to Waive Retirement Plan Transaction Fees

Empower Waives Fees for Retirement Plan Loans and Hardship Withdrawals

Voya to Credit Transaction Fees Related to CARES Act

Newport Drops 3(16) Service Fees for Clients

FinFit Waives Fee on Financial Wellness Platform