Products March 22, 2018

Hueler Adds to Income Solutions Platform

“We are excited to deliver a long overdue solution to the many plan sponsors seeking a prudent process for meeting their fiduciary duties related to a QPDA option,” says Kelli Hueler, founder and CEO of Hueler Income Solutions, LLC.

Reported by

Hueler Companies has expanded its Income Solutions platform to include a new offering.

The additional service is designed to meet the needs of plan sponsors whose defined contribution (DC) plans include a qualified plan distributed annuity (QPDA) as a normal form of distribution. Now, employers who have DC plans with an annuity as a normal form of distribution, oftentimes referred to as a qualified joint and survivor annuity (QJSA) option, will be able to facilitate qualified annuity quotes and purchasing for participants covered under the plan.

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

“We are excited to deliver a long overdue solution to the many plan sponsors seeking a prudent process for meeting their fiduciary duties related to a QPDA option. This new QPDA program, offered in conjunction with the Income Solutions rollover program, creates a comprehensive lifetime income platform for meeting the needs of both in plan and out of plan distribution options,” says Kelli Hueler, founder and CEO of Hueler Income Solutions, LLC.

Hueler’s new offering embodies the same prudent fundamentals that its Income Solutions lifetime income platform offers. Plan sponsors now have access to a universe of high quality insurers offering annuity quotes at a low cost through comparable competition with the goal of producing better outcomes for participants. The program is designed to provide participants with a simple, streamlined process to request and review quotes from multiple insurers based upon the annuity distribution options outlined by their employer-sponsored plan.

The Income Solutions platform is a web‐based lifetime income annuity purchase system.
Products March 22, 2018

MetLife Partners with Ernst & Young for Financial Wellness Solution

“We’ve designed a hybrid digital/human financial wellness service that supports users as they manage the twists and turns of their financial life journeys," says Lynn Pettus from Ernst & Young.

Reported by

MetLife has formed a strategic alliance with Ernst & Young LLP (EY) that will drive the creation and delivery of a workplace financial wellness solution.

Launching in spring 2018, PlanSmart Financial Wellness will focus on behavioral change, giving employees the tools, guidance and support they need to improve their financial wellbeing.

Get more!  Sign up for PLANSPONSOR newsletters.

The offering builds on MetLife’s PlanSmart workplace financial education program, which has offered workshops and one-on-one consultations for more than 20 years to over 2,000 group customers. PlanSmart Financial Wellness will bring together MetLife’s decades of experience in delivering workplace benefit solutions and financial education with EY’s high-tech approach to offering financial education and counseling. The result will be a customized, goal-oriented approach to financial wellness that will meet employees where they are, offering the tools via channels they prefer. This will include online and phone support, both offered by EY.

“We’ve designed a hybrid digital/human financial wellness service that supports users as they manage the twists and turns of their financial life journeys,” says Lynn Pettus, national director of employee financial services, Ernst & Young LLP. “PlanSmart Financial Wellness will be an exciting new change in our ability to service and engage employees with varying levels of comfort with financial concepts and new digital technologies.”

“Employees are stressed about their finances—MetLife research has found just over a third (38%) feel in control of their finances, compared to 44% in 2015—and they are looking to their employer for help,” says James Reid, executive vice president, MetLife. “The combination of MetLife’s understanding of employee needs and EY’s leading employee financial wellness services uniquely positions us to give employers the robust program they need to help empower employees to take action.”

«