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UBOC Brings Together DB, DC Services
UBOC is the latest provider to offer a combined platform for pension and defined contribution plans for plan sponsors. It is also the latest in a series of product enhancements made to the SELECTBENEFIT product line.
The integration of multiple plan information through a single source and portal is designed to allow companies with multiple retirement plans to:
- save time
- reduce overall total plan costs
- increase communication to participants about their total retirement benefits
Product Features
Features of the SELECTBENEFIT PLUS product include:
- Single point of contact for day-to-day relationship management and account servicing
- Single point of delivery for plan, payroll and participant data
- Single point of contact for plan participants via call center for information about defined benefit and defined contribution plans
- Virtual 24/7 access to plans, via telephone, or Internet (single portal Internet access will be available later in the year)
- A range of brand name mutual funds for defined contribution plans
- Individually directed accounts
- A variety of investment management options for defined benefit plans, including managed accounts, commingled funds and publicly traded mutual funds
- participant education, including total retirement planning
- Independent investment advice module
San Francisco-based UBOC currently has more than $138 billion in assets in the employee benefit trust, securities services and investment management markets.
The move is one of a series of SelectBenefits program enhancements, including self-directed brokerage ( UBOC Offers New Self-Directed Brokerage Option ), online advice ( UBOC Selects S&P Advice ) and wireless Internet tools ( UBOC Adds Wireless Tools to 401(k) )