Products December 13, 2010

Trust Company Introduces Investment Management Platform for 401(k)s

December 13, 2010 (PLANSPONSOR.com) - Mid Atlantic Trust Company (MATC) announced the launch of its new platform, ModelxChange, which allows 401(k) professionals to incorporate mutual fund and/or exchange-traded fund investment models into a retirement plan through a Web-based interface.
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ModelxChange provides a single system for the creation, execution and ongoing management of investment models for the 401(k) marketplace. The platform provides plan investment advisers with access to a stable of third-party money managers with proven track records that are able to provide models comprised of ETF’s and/or mutual funds.  

Managers can set-up and manage their investment models and then deliver those models and the investment changes to each individual 401(k). According to the announcement, money managers can also set security and cash targets, as well as specific investment exclusions requested by the plan fiduciary.
Deals and People December 13, 2010

Diversified Announces New West Coast Sales Exec

December 13, 2010 (PLANSPONSOR.com) - Diversified Investment Advisors announced that Greg T. Hodges has joined the company as a sales executive for the west coast, specifically northern California, Wyoming, Colorado, Hawaii, Utah and western Nevada.
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Hodges will be responsible for the sale and marketing of Diversified’s retirement plan services to both corporate and not-for-profit retirement plan sponsors. He will be based in Salt Lake City, Utah.

According to the announcement, with more than 17 years of industry experience, Hodges joins Diversified from Great-West Retirement Services where he was a regional director for national markets specializing in non-profit 403(b) and 401(k) plan development and sales. He has also held prior positions at New York Life Investment Management, ICMA Retirement Corporation, Fidelity Investments and Wells Fargo.   

Hodges is a graduate of George Fox University.

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