Ascensus and Pacific Life Join Forces on Small Business 401k Program
DRESHER, PA, September 28, 2010 -- Ascensus and Pacific Life have teamed up to offer a new program to address the needs of small business retirement plan sponsors—fee disclosure, diversified investment options, and cost-effectiveness.
The Pacific Life Keystone Program combines the strengths of the Portfolio Optimization Funds, offered through Pacific Life Funds, and Ascensus, Inc., a leading retirement plan service provider, to provide an employer-sponsored 401k plan for small businesses.
"Through this relationship, Ascensus and Pacific Life have developed a powerful retirement plan solution. Small businesses will benefit from the combination of our proven industry expertise, high-quality investment options and tailored approach," states Mike Narkoff, senior vice president, Sales at Ascensus.
"We are committed to providing financial professionals with the tools and training they need to help their clients. Together, our goal is to make it easy for employers to implement a workplace retirement plan for employees. The Keystone Program offers a straightforward option for small business owners and is a great complement to our existing lineup of employer-sponsored plan solutions," said Christine Tucker, vice president of marketing, Pacific Life, Retirement Solutions Division.
The Keystone Program provides fee transparency, investment flexibility, and a simplified implementation process. The program offers access to Portfolio Optimization Funds—five target-risk funds that range from conservative to aggressive. In addition, plan sponsors may choose from a variety of other investment options to ensure that they receive a plan tailored to the individual needs of their participants.
About Ascensus
With more than 30 years of industry experience, Ascensus delivers high-quality solutions for every segment of the retirement plan marketplace. A division of Crump Group, Inc., a leading provider of retirement services and the largest, most diversified wholesale insurance distributor in the U.S., Ascensus services nearly 27,000 defined contribution plans in the micro to large markets and administers over 1.5 million IRAs. Core capabilities include ERISA consulting, compliance support, sales, trust services, multilingual participant education, training and documentation. Solutions are offered with open architecture investment capabilities tailored to the needs of institutional partners, third party administrators, financial advisors, plan sponsors and participants. Learn more at www.ascensus.com.
About Pacific Life
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life also counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit Pacific Life online at www.PacificLife.com.
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