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Helping employees to become retirement ready requires more than a 401(k) plan and a range of investments, said Patrick J. Bowen, president and partner with One Capital Management. “We believe that ExpertPlan shares OCM’s goal to provide clients with a retirement planning solution that fits the needs of both the plan sponsor and participants,” Bowen said. The product partnership will allow a plan sponsor to transfer fiduciary liability for overseeing plan investments by formally delegating responsibility in writing to One Capital Management as the ERISA section 3(38) investment manager. The strategy clearly discloses all plan expenses to help plan sponsors comply with fee disclosures and fully understand all plan costs, thereby helping them to gain further protection from fiduciary liability.“We advise plan sponsors, committees and fiduciaries in understanding and addressing responsibilities to their plan and participants,” said Brad M. Barrett, vice president of wealth management and director of retirement plan solutions at One Capital. “We wanted a solution that would benchmark favorably in today’s fee-sensitive environment.”This product partnership allows ExpertPlan to provide support to financial professionals to meet the demands of plan sponsors. According to Rick Keast, senior vice president of sales and business development at ExpertPlan, the strategy will particularly benefit plan sponsors and participants in the micro and small-business marketplace.ExpertPlan, headquartered outside Princeton, New Jersey, is a provider of private-labeled recordkeeping solutions.One Capital Management, in Westlake Village, California, provides managed retirement portfolios using ETFs and serves in an ERISA 3(38) capacity providing discretionary co-fiduciary services for retirement plans and participants.Jill Cornfield
Helping employees to become retirement ready requires more than a 401(k) plan and a range of investments, said Patrick J. Bowen, president and partner with One Capital Management. “We believe that ExpertPlan shares OCM’s goal to provide clients with a retirement planning solution that fits the needs of both the plan sponsor and participants,” Bowen said.
The product partnership will allow a plan sponsor to transfer fiduciary liability for overseeing plan investments by formally delegating responsibility in writing to One Capital Management as the ERISA section 3(38) investment manager. The strategy clearly discloses all plan expenses to help plan sponsors comply with fee disclosures and fully understand all plan costs, thereby helping them to gain further protection from fiduciary liability.
“We advise plan sponsors, committees and fiduciaries in understanding and addressing responsibilities to their plan and participants,” said Brad M. Barrett, vice president of wealth management and director of retirement plan solutions at One Capital. “We wanted a solution that would benchmark favorably in today’s fee-sensitive environment.”
This product partnership allows ExpertPlan to provide support to financial professionals to meet the demands of plan sponsors. According to Rick Keast, senior vice president of sales and business development at ExpertPlan, the strategy will particularly benefit plan sponsors and participants in the micro and small-business marketplace.
ExpertPlan, headquartered outside Princeton, New Jersey, is a provider of private-labeled recordkeeping solutions.
One Capital Management, in Westlake Village, California, provides managed retirement portfolios using ETFs and serves in an ERISA 3(38) capacity providing discretionary co-fiduciary services for retirement plans and participants.
Jill Cornfield
PLANSPONSOR staffeditors@plansponsor.com