RidgeWorth Launches Dedicated Retirement Plan Advisor Website
ATLANTA, GA, February 8, 2010 -- RidgeWorth Investments announced today that it has launched a new site dedicated to the needs of retirement plan advisors. The new site, www.planadvisortools.com, has an interactive, customizable retirement plan benchmarking tool and an array of general resources that 401k advisors can use to help plan sponsors meet their fiduciary duty.
"An advisor to retirement plans must be well equipped to help a plan sponsor meet its fiduciary duty," said David Craig, RidgeWorth's Director of Marketing, "Planadvisortools.com provides a wide range of resources that we have developed as well as information about industry resources that an advisor can use to educate themselves and help plan sponsors."
The Department of Labor warns that a fiduciary "should establish and follow a formal review process at reasonable intervals to decide if it wants to continue using the current service providers or look for replacements." One of the ways in which that formal review process can be satisfied is through regular plan benchmarking. The new site includes a robust plan benchmarking tool, marrying PlanSponsor's proprietary Defined Contribution Plan Survey and RidgeWorth's own research.
The tool can be used by retirement plan advisors to:
- Help a plan sponsor understand how its plan compares to others of similar size as well as overall across the industry
- Show what plan design features might now be common among its peers
- Understand and evaluate the services the plan sponsor currently receives
"Although we think the plan benchmarking tool is a good start to help retirement plan advisors, we're not stopping there," continued Craig. "During 2010, we plan to add a number of interactive tools to the site, including fee benchmarking for retirement plans and benchmarking an advisor's practice."
Advisors can access the tools and resources by visiting www.planadvisortools.com.
About RidgeWorth Investments
RidgeWorth Investments serves as a holding company that owns interests in eight investment boutiques with approximately $63 billion of assets under management as of December 31, 2009. RidgeWorth's investment boutiques manage a wide variety of investment disciplines across the fixed income, equity, and liquidity management asset classes. Our boutiques provide investment management services to a growing client base that includes endowments, foundations, corporations, healthcare organizations, municipalities, public funds, associations, insurance companies, labor unions and high net worth individuals. In addition, RidgeWorth serves as the investment adviser to the RidgeWorth Funds mutual fund family. RidgeWorth Investments is a trade name for RidgeWorth Capital Management, Inc., an investment adviser registered with the SEC headquartered in Atlanta. For more information about RidgeWorth, visit www.ridgeworth.com.
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