Michigan Office of Retirement Services

The Standard Introduces Accelerate for Small Retirement Plans

Retrieved on: 
Tuesday, September 28, 2021
Professional Services, Other Professional Services, Small Business, Insurance, Human Resources, Finance, Banking, Government, Michigan Office of Retirement Services, Solution, Standard Insurance Company, The Standard, StanCorp Financial Group, Acceleration, Â, LinkedIn, Twitter, Standard, TPA, FINRA, Retirement, Financial adviser

Standard Retirement Services, Inc., ( The Standard ) has announced Accelerate , a new 401(k) recordkeeping solution designed to meet the needs of retirement plans with up to $2 million in assets.

Key Points: 
  • Standard Retirement Services, Inc., ( The Standard ) has announced Accelerate , a new 401(k) recordkeeping solution designed to meet the needs of retirement plans with up to $2 million in assets.
  • Offering best-in-class service at a competitive price, Accelerate enables small plans to seamlessly grow on the same platform as large plans.
  • Baumgarten added, Serving small retirement plans is nothing new for The Standard, but with Accelerate we can provide small plans a level of service typically reserved for larger plans at a competitive price."
  • Since 1932, The Standard has provided recordkeeping and investment services for retirement plans including 401(k), profit sharing, money purchase, 403(b), 457, defined benefit and cash balance plans.

Bank of America Study Finds 95% of Employers Feel a Sense of Responsibility for Financial Wellness of Employees

Retrieved on: 
Wednesday, September 22, 2021
Goal, Generation Z, HSA, Man, Gen, Michigan Office of Retirement Services, New, St. Louis Fed Financial Stress Index, HSAS, Thought, Bank of America, Woman, Solution, Health, Nidec-Shimpo America Corporation, Workforce, Overalls, BofA Securities, SIPC, FDIC, Workplace, Investment, BAC, Baby boomers, Prevalence, Family, Risk management, Small business, Merrill (company), Escalation of commitment, Health savings account, Male, Retirement, Health care, Quality of life, Bank, NYSE, ATM, Pharmaceutical industry, Creative industries, Health insurance, Financial adviser, Tobacco, Birth control

The report also found that over the last year, more employers are offering financial wellness programs (46%, up from 40% in 20202) and expanding several types of financial wellness support.

Key Points: 
  • The report also found that over the last year, more employers are offering financial wellness programs (46%, up from 40% in 20202) and expanding several types of financial wellness support.
  • Based on a nationwide survey of 1,363 employees and 834 employers, the Workplace Benefits Report examines trends related to workplace financial benefits and wellness programs.
  • Bank of America offers institutional client employees a range of financial benefit programs to help them pursue their financial future.
  • Bank of America is a marketing name for the Retirement Services business of Bank of America Corporation ("BofA Corp.").

American Trust Completes Asset Acquisition of LT Trust Company

Retrieved on: 
Thursday, September 2, 2021
Insurance, Finance, Seniors, Consulting, Banking, Accounting, Professional Services, Small Business, Consumer, CO, Acquisition, History, Insurance, Efficiency, Generally Accepted Recordkeeping Principles, TPA, Solution, Michigan Office of Retirement Services, Trust, Kirkland & Ellis, North Carolina National Bank, Retirement, LT, Technology, Family, Financial adviser, Public relations, Financial services, American Trust, EdgeCo Holdings, AMERICAN TRUST, EDGECO HOLDINGS

American Trust Company (American Trust), a leading, full-service provider of retirement solutions to small- and mid-sized plan sponsors, has completed its asset acquisition of the LT Trust Company (LT Trust) following required regulatory approval.

Key Points: 
  • American Trust Company (American Trust), a leading, full-service provider of retirement solutions to small- and mid-sized plan sponsors, has completed its asset acquisition of the LT Trust Company (LT Trust) following required regulatory approval.
  • American Trust has proudly served as a trusted partner to the retirement community throughout our history and I am thrilled to welcome LT Trust to our family.
  • American Trust will maintain a presence in Denver, expanding American Trusts diverse talent pool in the Midwest and Western U.S. regions.
  • LT Trust Chairman and CEO Bob Beriault will continue as a consultant to American Trust, as well as a shareholder, and the firms approximately 100 employees will all join American Trust.

OneAmerica Appoints Kelley Gay as Chief Marketing Officer

Retrieved on: 
Tuesday, August 24, 2021
Industry, University, OneAmerica Financial Partners, MassMutual, Growth, Morgan Stanley Wealth Management, Leadership, Insurance, CMO, Gay, Big East Conference, Marketing, Michigan Office of Retirement Services, Retirement, Financial services, Culture, Management, Risk management

INDIANAPOLIS, Aug. 24, 2021 /PRNewswire/ -- OneAmerica , a national provider of insurance and financial services, has promoted Kelley Gay to chief marketing officer (CMO).

Key Points: 
  • INDIANAPOLIS, Aug. 24, 2021 /PRNewswire/ -- OneAmerica , a national provider of insurance and financial services, has promoted Kelley Gay to chief marketing officer (CMO).
  • Gay has played a key role in shifting OneAmerica to a customer-centric organization enabling the enterprise to meet and exceed the expectations of its stakeholders.
  • As head of enterprise marketing and communications, Gay oversees marketing, executive, internal and external communications, digital experiences, market visibility, brand management, customer relationship management, reputation management, custom marketing and financial wellness programming, marketing operations and portfolio strategy, and customer experience management.
  • Before joining OneAmerica, Gay held several marketing leadership roles at MassMutual Financial Group, focusing on building customer relationships with emerging consumer segments, career agency and independent brokerage marketing and product and services marketing.

Nicole Cervi-McKeever Joins Rebalance as Director of Retirement Services Continuing Firm's Rapid Growth in the Small Business Retirement Savings Marketplace

Retrieved on: 
Tuesday, August 24, 2021
Industry, Ecosystem, Yale University, Friends, Shoe, Small business, Plant, Family, Drawing, Innovation, CA, Michigan Office of Retirement Services, Princeton University, Yale University endowment, IBM, Pacesetter, Generally Accepted Recordkeeping Principles, Retirement, MD, Financial adviser

Nicole works directly with Rebalance's Better K small business 401(k) clients to ensure a stellar service experience with every interaction.

Key Points: 
  • Nicole works directly with Rebalance's Better K small business 401(k) clients to ensure a stellar service experience with every interaction.
  • She is responsible for the entire 401(k) client lifecycle, serving as the daily point of contact for all Better K clients.
  • She also maintains relationships with the entire Better K "ecosystem," including recordkeepers, plan sponsors and financial advisors.
  • "Over the past year, our Better K business has grown exponentially, requiring us to increase the size of the team serving our small business 401(k) clients," stated Scott Puritz, Managing Director of Rebalance.

Paychex is the Nation's Largest 401(k) Recordkeeper

Retrieved on: 
Friday, August 6, 2021
Growth, Efficiency, PAYX, Retirement, Solution, COVID-19, NASDAQ, Michigan Office of Retirement Services, PEPS, LinkedIn, Innovation, Risk, Twitter, Time, Insurance, Investment, PEP, Financial adviser, Health insurance

ROCHESTER, N.Y., Aug 6, 2021 /PRNewswire/ -- For the eleventh consecutive year, Paychex, Inc. ,has earned distinction as the largest 401(k) recordkeeper by total number of 401(k) plans.

Key Points: 
  • ROCHESTER, N.Y., Aug 6, 2021 /PRNewswire/ -- For the eleventh consecutive year, Paychex, Inc. ,has earned distinction as the largest 401(k) recordkeeper by total number of 401(k) plans.
  • In addition to earning consecutive recognitions as the largest 401(k) recordkeeper by number of plans, Paychex was named the second leading provider by number of new plans added in 2020, with 16,427 new plans.
  • Paychex was also recognized as the largest recordkeeper by total plans with less than $10 million in assets.
  • Pooled Employer Plan option Paychex launched the Paychex Pooled Employer Plan (PEP) in January 2021, giving business owners a simpler, more cost-effective plan option.