Flexible Plan Investments Teams Up With 401k Fiduciary Services
BLOOMFIELD HILLS, MI, November 28, 2005 -- Flexible Plan Investments, Ltd. a leading investment manager providing managed accounts for qualified plan participants, and 401K Fiduciary Services, Inc., an independent retirement plan fiduciary compliance service, today announced a joint alliance between the companies to help reduce plan sponsor liability and facilitate compliance with ERISA requirements. 401K Fiduciary Services will provide Flexible Plan's plan sponsors with comprehensive management of their fiduciary liability. Their President, Tom Phillips, declares "We provide fiduciary compliance, not just the tools for you to implement."
401k Fiduciary Services' Complete Fiduciary Compliance Package covers the following areas:
- Plan Documentation
- Investment Policy Statement
- Fund Monitoring, Selection and Replacement
- 404(c) Compliance
- Daily Plan Operations
Special pricing for 401k Fiduciary Services' 404(c) compliance services on plans managed by Flexible Plan substantially reduces or can even eliminate the cost of the service.
While the co-fiduciary role is still unique, Jerry Wagner, President and Founder of Flexible Plan Investments, expects that "Most sponsors will eventually engage a co-fiduciary partner to help them select and monitor plan investments." The combination of Flexible Plan and 401k Fiduciary Services will effectively give plan sponsors a bundling of unbiased investment management and a co-fiduciary partner.
About Flexible Plan Investments
Flexible Plan Investments, Ltd., founded in Bloomfield Hills, Michigan in 1981, utilizes twelve distinct investment portfolios for close to 30,000 participant accounts in over 1,100 qualified retirement plans. These portfolios, when combined with Flexible Plan's participant suitability questionnaire, provide personalized risk management for each plan participant. The management is based on dynamic, not passive, solutions that deliver the flexibility to cope with ever-changing markets. Flexible Plan seeks to provide investors with competitive returns while reducing risk through the use of diversified investment products, cutting-edge technology and client and financial representative support services. Flexible Plan Investments currently offers The Flex Plan managed accounts for qualified plan participants at the following companies: AST Trust, Fidelity, Fiserv/Trustlynx, Hand Benefits & Trust, Matrix Trust, Nationwide, Schwab Corporate Services/Trust Company, Sterling Trust and Trust Company of America.
About 401k Fiduciary Services
401k Fiduciary Services is an independent retirement plan fiduciary service company. The company acts as a named plan co-fiduciary on thousands of plans across the United States to help reduce plan sponsor liability and facilitate compliance with ERISA requirements.
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