Deals and People September 2, 2014

Assurance Financial Expands Retirement Services Team

September 2, 2014 (PLANSPONSOR.com) – Moira Hagy has joined Assurance Financial Services’ retirement plan services team as a vice president.
Reported by

Hagy specializes in helping retirement plan sponsors navigate the challenges inherent to their fiduciary responsibilities, according to the firm. At Assurance, she will have a dedicated support team that focuses on improving and maintaining high client service standards.

Specifically, Hagy will provide client support on plan fee and design benchmarking, investment guidance, compliance, education strategies and overall plan sponsor best practices.

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.

Hagy brings more than seven years of experience in retirement plan consulting to Assurance. Previously, she worked for a retirement-focused consulting firm, where she helped mid-market plan sponsors optimize their retirement programs and remain in compliance with Internal Revenue Service and the Department of Labor regulations. 

Hagy graduated from the University of St. Thomas with a bachelor’s of arts degree in philosophy. She holds Series 6, 63, and 65 licenses from FINRA, as well as an Illinois insurance license. She is currently pursuing the accredited investment fiduciary (AIF) designation and will be based out of Assurance’s new downtown office location in Chicago.

More information about the firm’s retirement plan services team is available at www.assuranceagency.com.

Products September 2, 2014

Plan Strategies Introduces Portfolio Allocation Solutions

September 2, 2014 (PLANSPONSOR.com) – Retirement plan investment adviser Plan Strategies, Inc. (PSI) launched three portfolio allocation offerings.
Reported by

The Allo(k)ation Plan simplifies asset allocation by offering five portfolio models corresponding to varying levels of risk tolerance, which participants determine by completing a questionnaire. Plan models range from aggressive to conservative and are rebalanced and monitored quarterly. They offer at least 10 broad asset classes to choose from and feature low-cost investment options from prominent fund families, including Vanguard, DFA and PIMCO. PSI serves as an Employee Retirement Income Security Act (ERISA) 3(38) fiduciary on the Allo(k)ation Plan models.

The Allo(k)ation Plus Plan offers the same models as the Allo(k)ation Plan with the addition of an individual core fund lineup. This allows flexibility for plan sponsors who would like to offer the simplicity of models for some participants and a diversified, low-cost fund menu for others, PSI says.

Get more!  Sign up for PLANSPONSOR newsletters.

PSI also offers the Tailored Solution for companies that want a more customized plan. PSI’s 401(k) investment adviser will work with plan sponsors to develop a list of investment options that are not in the standard retirement plan fund lineup. In addition, PSI can create a unique investment policy statement (IPS) that addresses the plan’s goals, selection criteria, investment philosophy and other elements specific to the plan.

“Proper asset allocation is critical to a successful retirement plan,” says Brice Williams, chief investment officer at Plan Strategies, Inc. “These products will help plan sponsors offer asset allocation solutions that meet the needs of plan participants.”

PSI says it is dedicated to meeting the needs of 401(k) plan sponsors, advisers and participants. More information about the firm is at http://www.planstrategies.com/.

«