Plan sponsors are looking for 3(38) investment management services and, through The (k)Series, advisors that otherwise would not be able to offer this service directly can offer it through ABGIS."
Albert Lea, MN (PRWEB) August 16, 2013
The new offering, dubbed The (k)Series™, is a series of fund menus which combine simple choices and educated decisions. ABGIS has narrowed the vast mutual fund universe down to a manageable list of options. Advisors can choose a hand-selected, professionally managed option that suits each of their retirement plan clients' unique needs. Each option includes risk-based asset allocation strategies and target date fund options.
ABGIS's CEO, Bradley K. Arends, J.D., refers to the new offering as, "Our newest innovation to help advisors meet the demands of today's retirement plan environment. Plan sponsors are looking for 3(38) investment management services and, through The (k)Series, advisors that otherwise would not be able to offer this service directly can offer it through ABGIS." ABGIS is the 3(38) investment manager on the investment menu while the outside advisor maintains all client and participant contact responsibilities. Mr. Arends sees this offering as a way for advisors to add value and strengthen their service offerings through partnership with a discretionary 3(38) investment manager.
The (k)Series options include:
(k)INDEX | Passively managed, cost-effective solution. These index mutual funds are carefully selected to cover indices across all asset classes, emphasizing asset class exposure rather than fund management differentiation. A low-cost alternative covering 17 asset classes. (k)INDEX is designed to satisfy plan sponsors and participants seeking asset class coverage with low mutual fund expense ratios.
(k)ACTIVE | Actively managed approach. This fund line-up utilizes actively and passively managed retirement funds with revenue sharing to cover plan expenses. (k)ACTIVE is designed to satisfy sponsors and participants seeking revenue sharing mutual funds for fee offset purposes and asset class coverage through passively- and actively-managed mutual funds.
(k)ACTIVE+ | Active, index and enhanced passive investment options. Institutionally priced giving plan sponsors competitively priced low cost investment options PLUS a menu designed with comprehensive asset allocation approaches for a variety of participant risk levels. (k)ACTIVE+ is designed to satisfy plan sponsors and participants seeking high performing, low cost mutual fund options including enhanced passive investments.
(k)EXCHANGE | Cutting-edge 401(k) fund options. Developed for innovators and early adopters, this option offers an ETF line up – a progressive alternative to the standard mutual fund options most retirement plans run on today. (k)EXCHANGE takes low cost alternatives to the next level, designed for plan sponsors and participants seeking a pre-selected menu of ETFs covering 17 asset classes.
Investment advisory services are offered through ABGIS, a Registered Investment Advisor. The (k)Series is a service of, and maintained by, ABGIS. The firm is part of a national network of independently-owned employee benefits administration and consulting firms. Collectively, the 14 Alliance Benefit Group National licensees provide benefit services to over 13,000 plans and approximately 1 million plan participants.