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.”
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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