Pontera and 401GO Partner on Personalized 401(k) Management

Pontera has announced a strategic partnership with 401GO regarding personalized 401(k) account management to clients.

The agreement marks Pontera’s first recordkeeper integration that lets advisors debit directly for their services from the retirement plan accounts they are managing. The new feature will allow retirement savers to pay their advisors’ management fees directly from their 401(k) accounts.

“Enabling personalized 401(k) account management through Pontera provides plan participants more choice in how they receive in-plan help, complementing target-date funds, managed accounts and other solutions,” said Jerry Bonnabeau, head of Defined Contribution Partnerships at Pontera. “Our secure platform helps clients with more complex financial management needs receive a higher, more comprehensive level of service from their trusted advisor and optimize the growth of their retirement savings.”

Pontera says the feature aligns its platform with other in-plan assistance for participants, such as target-date funds (TDFs) and managed accounts.

Financial advisors using the 401GO recordkeeper platform will be able to extend their services to more households when they can also manage account assets in workplace accounts.

“Pontera shares 401GO’s vision for reshaping the retirement industry through technology, making 401(k)s more inclusive, approachable and affordable,” said Daniel Beck, 401GO co-founder and chief executive. ” By working with Pontera, we can help more advisors offer 401(k) management efficiently, at scale, as a core service to more clients.”