Group Plan Systems, a San Diego, California-based operational fiduciary for employer-sponsored retirement plans, has signed an agreement with JULY Business Services to serve as record keeper and third-party administrator to a pooled-employer plan for which Group Plan Systems will serve as the pooled plan provider.
The plan is constructed to serve start-up and small plans but can be used by broker-dealers and investment advisers to develop group plans for any size client, said Jason C. Roberts, an ERISA attorney and co-founder of GPS. “We have no interest in hiring or firing 3(38) managers, so we have carefully engineered the plan documents to put that duty solely in the hands of each employer, which is consistent with the letter and spirit of the SECURE Act.”
Catch-up contributions, required minimum distributions, and 529 plans are just some of the areas the Biden-ratified legislation touches.
Following a similar move by Robinhood, the online investing platform said it will also offer 24/5 trading initially with a menu of 100 US-listed stocks and ETFs.
The private equity giant will support the advisor tech marketing firm in boosting its AI capabilities and scaling its enterprise relationships.
The privately backed RIA's newest partner firm brings $850 million in assets while giving it a new foothold in the Salt Lake City region.
The latest preliminary data show $117 billion in second-quarter sales, but hints of a slowdown are emerging.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
