American National Bank of Texas Partners to Launch SOAR Program - Defining a New Standard of Excellence for 401(k) Plans

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American National Bank of Texas partners with nation’s premier retirement service providers launch a one-of-a-kind fiduciary solution that defines a new Standard of Excellence for 401(k) Advisors, Plan Sponsors and Participants

It’s a complete retirement solution delivered by leading retirement plan companies packaging the highest-performing and most desired services in the industry into a singular offering

American National Bank of Texas (ANB), the leading provider of complete fiduciary and trust services to business owners and plan sponsors, announced today it has joined forces with United Retirement Plan Consultants (URPC), Aspire Financial Services (Aspire), IRON Financial, RJ20 and Financial Wellness4Life to deliver a comprehensive retirement solution designed to provide fiduciary protection for plan sponsors and enhanced retirement outcomes for participants, all on a simple turnkey platform with low fees.

This new solution—Select Open Architecture Retirement, known as SOAR—is a ready-made open architecture solutions package with ANB, URPC and Aspire offering the core services of fiduciary governance, plan administration (TPA), and recordkeeping, respectively. Financial advisors and their clients have further flexibility to configure components, as needed, for advice and education offered through IRON Financial, RJ20 and Financial Wellness4Life. The seamless integration of all services for plan sponsors and participants provides a holistic retirement plan solution with choice, flexibility, full transparency and cost-effective pricing.

“It’s a complete retirement solution delivered by leading retirement plan companies packaging the highest-performing and most desired services in the industry into a singular offering, delivered by a national network of partners through local retirement consultants,” according to Jeff Atwell, Senior Vice President, ANB.

The SOAR program is designed with choice and flexibility for plan sponsors and their advisors to simply and easily implement an end-to-end service offering with alternate configuration options through a simple service and fee menu. As such, the program can be customized to meet the specific service needs of any plan sponsor and their participants, from the most basic offering to the most sophisticated solution, all with effectiveness and efficiency in mind.

According to John M. Davis, President and CEO, URPC, “This partnership is a natural fit. All partners are focused on providing services within the construct of a fully integrated and optimal retirement plan solution, customized to meet each client’s goals and objectives. Further, we believe the SOAR program addresses the growing needs and concerns of plan sponsors, including assistance in meeting their fiduciary obligations and improving the retirement readiness of their employees. United Retirement is proud to be a part of such a robust retirement solution with best-in-class partners, and we are fully prepared to deliver local expertise and services, wherever and however it’s desired.”

“We are pleased to be part of such an important solution that addresses fiduciary responsibility in a full-service model. SOAR extends significant value to plan sponsors, advisors and participants by mitigating fiduciary risk, managing cost, reducing administrative burden and providing multiple plan choices in a flexible model,” according to Shelia Reed, CMO, Aspire.

About SOAR
Select Open Architecture Retirement—SOAR—is a market-leading packaged retirement plan solution created by a consortium of retirement plan industry leaders: American National Bank of Texas, United Retirement Plan Consultants, Aspire Financial Services, IRON Financial, RJ20, and Financial Wellness4Life. For more information on SOAR, call 1.855.439.6709 or email SalesSupport(at)UnitedRetirement(dot)com.

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Contact info

American National Bank of Texas
Jeff Atwell AIF, RF, GFS
Sr. V. P. Trust

Aspire Financial Services
Shelia Reed

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