New Service 02/16/2011 - Qualified Plan Administrators, Inc. "QPA", a leading provider of retirement plan services to employers of all sizes, is pleased to announce the rollout of participant advisory services.
QPA has partnered with MasteryPOINT AdvicePlus and GuidancePlus to deliver advice services to participants in plans utilizing mutual fund investments. Both solutions are comprehensive interactive retirement planning tools that help plan participants decide how to invest their money, while at the same time relieving the plan sponsor of fiduciary liability for the advice given.
Advice Plus! (click here for more information)
Advice Plus! provides your employees with personalized recommendations for savings rates and percentage allocations to the specific investment funds that were recommended by your plan's investment provider.
Guidance Plus! (click here for more information)
Guidance Plus! functions identically to Advice Plus! with one difference: the investment recommendations by Guidance Plus! are provided only at the asset class level. Participants must select their own investment funds within the recommended asset classes.
QPA adds convenience to the user experience by automatically pre-loading the participant's account balance, investment options, current investment elections, savings rates, contribution formulas and other basic employee information to their Advice Plus! or Guidance Plus! account each time they log on. In addition, advice can be personalized to the participant's entire household portfolio, including spousal assets and other tax-deferred and taxable investments.
“We are excited about this enhanced service,” said Karen Burroughs, President of QPA. “Participants need independent guidance and advice. AdvicePlus delivers conflict-free investment advice that fits nicely with QPA's commitment to independence and high-quality service.”
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