Products July 5, 2012

Financial Plan Launches 401(k) Branch

July 5, 2012 (PLANSPONSOR.com) - Financial Plan Inc. of Bellingham, Washington launched a new branch of business dedicated to 401(k) plans.
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With its new program, Financial Plan is adding more transparency and cost-effective solutions to ERISA pensions, profit sharing, 401(k) and 403(b) plans.

The fee-only model of Financial Plan allows its advisers, who work as ERISA 3(38) fiduciaries, to put clients’ needs first and get away from hidden fees. Financial Plan’s advisers are not paid on commission, nor tied to any brokerage firms, platform providers, third-party administrators or investment companies.

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“Our process allows us to take on certain liabilities associated with managing 401(k) plans that were previously left on the shoulders of plan fiduciaries,” said W. Devin Wolf, wealth manager at Financial Plan. “By rethinking every step of the process, we have built a program that benefits plan participants, not brokers.”

Financial Plan works with plan sponsors and administrators to ensure plans are designed in a simple way to accomplish goals. The advisers also focus on participant education, which the company said is the “single largest factor in future success.”  

Additional information about Financial Plan’s new 401(k) branch is available at  http://www.financialplaninc.com/401k.

Deals and People July 5, 2012

ING’s U.S. Retirement Business Names Regional VP of Sales

July 5, 2012 (PLANSPONSOR.com) - ING’s U.S. Retirement business hired Dan Kretz as regional vice president of sales for the company’s small-mid corporate retirement plan markets.  
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Kretz will be responsible for the sales and distribution of 401(k) retirement plans to the independent channel in Maryland, Washington, D.C., and Northern Virginia.

Before joining ING, Kretz served as a sales director for MassMutual Retirement Services, focused on intermediary-driven retirement plan sales.  He also worked at the Principal Financial Group for six years. 

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“Dan’s appointment to this position follows an extensive career as a leader who brings a high-level of industry knowledge and sales success to the role,” said Bill Elmslie, head of National Intermediary Distribution and Service for ING U.S. Retirement.  “His experience, reputation in the market and distribution relationships will be invaluable as we continue to provide resources to help advisers grow and manage their business.”

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