401kTechTeam Partners With PlanTools
EMERYVILLE, CA, August 10, 2006 -- PlanTools, LLC today announced a strategic partnership with 401kTechTeam to provide integrated compliance reporting for retirement plan sponsors and the advisors who serve them.
The PlanTools™ Risk Management System helps plan sponsors effectively manage their fiduciary responsibility with investment selection and reporting solutions. PlanTools™ will partner with 401kTechTeam to provide plan sponsors with ethical, effective and efficient tools to make investment decisions and monitor investment performance.
401kTechTeam is a leader in internet technology and software serving the retirement industry. The company assists 401k service providers, TPA, Record Keepers and investment firms with plan design, service provider integration, risk management, analysis and reporting tools.
"Plan sponsors need an independent and objective process to validate the investment decisions made on behalf of their employees," said Raj Pillai, President of 401kTechTeam. "The PlanTools™ Risk Management System helps plan sponsors successfully manage investment selection and oversight with a proven, well-documented process."
"401kTechTeam provides 'best in class' solutions in support of retirement advisors and plan sponsors," said Ward Harris, PlanTools' CEO. "We are pleased to be able to work together with 401kTechTeam to provide fiduciary risk management tools tailored to meet plan sponsors' needs."
About PlanTools
The PlanTools™ Risk Management System helps retirement plan advisors and consultants to provide fiduciary services to retirement plans and other investors which are subject to regulatory requirements for the assessment and documentation of client needs, constraints and objectives. The outsourced analytic and reporting services provided by PlanTools™ also deliver on-going standards-based performance reporting to ensure appropriate monitoring of client portfolios tied to investment policies. The PlanTools™ platform provides fiduciary reporting for over 3,000 retirement plans supported by the system's licensed users. For more information, visit www.plantools.com.
About 401kTechTeam
Headquartered in Chicago, 401kTechTeam is a leading provider of software solutions to the 401k industry. 401kTechTeam provides comprehensive software solutions enabling businesses to facilitate employees' retirement planning needs through software solutions and services in the areas of custom software development, co-product development, application integration and maintenance. The company operates under an adaptable, efficient onsite-offshore delivery model that provides cost-effective software development, maintenance and deployment of large-scale systems across a wide range of needs.
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