Fiduciary Risk Assessment and PlanTools Merge
CHARLOTTE, NC, February 2, 2009 - David Witz, Managing Director and Founder of Fiduciary Risk Assessment LLC (FRA) and Ward Harris, Founder of The McHenry Group, LLC announced the merger of PlanTools LLC and FRA effective January 2, 2009.
As part of the transaction, PlanTools LLC will be managed by FRA from its Charlotte, NC location. The merger unites two technology firms dedicated to developing and delivering automated fiduciary compliance solutions that are customizable.
"We are very happy with this merger, the new management and technology support of FRA will assume responsibility for the continued development and enhancement of PlanToolsTM Risk Management System’s functionality. PlanToolsTM users are in capable hands with a management team that has a clear vision for the future,” said Harris.
According to Witz, "FRA is committed to the success of PlanToolsTM users to deliver high quality high value customizable compliance solutions from a single sign on. In addition to PlanToolsTM, FRA will continue its collaborative efforts with other industry-leading service providers to build a single platform that comprehensively empowers users and plan sponsors to mitigate risk."
No operational changes will be experienced by existing PlanToolsTM users, but new functionality is expected to be announced, developed and released in the very near future.
FRA / PlanTools™ will participate as at the fifth ASPPA 401k Summit, to be held on March 22 to 24 in San Diego, CA. David Witz will present and participate in a panel discussion titled “How to Design a Perfect 401k Plan: Views from an Expert Trial Witness and an Advisor.” For more information, visit http://www.asppa.org/archive/conf/2009/2009summit.htm
About Fiduciary Risk Assessment
Fiduciary Risk Assessment LLC (FRA) has dedicated its resources to the creation and support of web-hosted fiduciary compliance tools that simplify complex fiduciary requirements enabling responsible parties to implement prudent procedures that mitigate fiduciary risk. For more information visit www.fiduciary-risk.com and www.plantools.com.
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