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Products November 1, 2011
Platinum 401k Adds Hartford Lifetime Income Option to MEP
The Platinum 401k multiple employer plan program will now include a retirement income option from The Hartford.
Reported by PLANADVISER staff
The Platinum 401k multiple employer plan (MEP) allows plan sponsors to eliminate their annual plan audit, Form 5500 filings, trustee-level liability, and investment fund selection responsibility. It features investment products from Great-West Retirement Services, John Hancock, and The Hartford.
“We’ve seen a growing interest from employers who are seeking income protection for their employees in retirement”, said Terrance Power, President of American Pension Services. “The Hartford’s new Lifetime Income program addresses that demand in the marketplace.”
For details on the program, visit www.ThePlatinum401k.com.