Designed to support financial advisers, Fiduciary Advisor 401(k) is a suite of retirement plan services, featuring an investment platform, full-fee disclosure and fiduciary protection.
According to the announcement, LPL Financial will market Fiduciary Advisor 401(k) to advisers. Ascensus will provide plan design and administration, Employee Retirement Income Security Act (ERISA) consulting and distribution support and training.
401(k) Advisors, a registered investment adviser and leading independent retirement consulting firm, will provide fund evaluation and oversight.
Ascensus offers services as administrator and recordkeeper for plans in the micro to large segments of the market.