New Boston Firm Steps Into 401k Advice Market
BOSTON, MA, November 16, 2009 -- Participant Level Advice Network (P.L.A.N.) is a Registered Investment Advisor formed to meet the needs of participants as articulated by Phyllis Borzi, Deputy Secretary of Labor. In her testimony before the Senate, Ms. Borzi said "We intend to issue a new proposed rule that will support affordable and unbiased investment advice for 401k-type plans and IRAs . The new rule will provide participants access to quality investment advice that will assist participants in choosing investments."
The vision for P.L.A.N. is to serve as the fiduciary for 401k plans through a national network of independent advisors and consultants. Participant Level Advice Network delivers the one-on-one investment advice employees need while helping employers manage their fiduciary liability.
"In light of the markets over the past year, there has never been a more important time to deliver advice to retirement plan participants to help them make better choices with their retirement nest egg," explains Rachael Clasby, one of the company's founders. "Our new name better describes these unique service solutions that our team brings to Plan Sponsors and their employees."
P.L.A.N.'s comprehensive approach to today's retirement plan participant provides investment advice under PPA safe harbors, as well as fiduciary services, to help plan sponsors manage their liability. Using Eligible Investment Advice Arrangements, P.L.A.N. serves the investment needs of employees. In this capacity, P.L.A.N. is required by law to act in the sole interest of participants and meet quality standards on an ongoing basis.
As the name implies, P.L.A.N. has a nationwide network of unconflicted, independent advisors and consultants to ensure that a consistent message is delivered to companies with one office or multiple locations throughout the country when providing one-on-one advice to employees.
In order to better serve our P.L.A.N. Employers, Employees, and network of Advisors and Consultants, we rolled out our brand new website www.planatwork.com
About Participant Level Advice Network
Participant Level Advice Network, headquartered in Boston, Massachusetts, is a Registered Investment Advisor providing an independent, full service solution for plan sponsors and participants that addresses the challenges employees face when saving for retirement. P.L.A.N. was one of the first Certified Fiduciary Adviser firms in the country and their Advisors are prequalified to meet the standards that are required to be a Fiduciary Adviser under the Pension Protection Act of 2006. Securities offered through LPL Financial, Member FINRA/SIPC.
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