Freedom Fiduciaries, a provider of retirement plan consulting launched by Shane Hanson earlier this year, this week announced the launch of what Hanson calls its “cutting-edge” Pooled Employer Plan (PEP) called “Fiduciary Freedom.”
This new offering is specially designed to address the daily administrative challenges faced by plan sponsors, as well as the increasing fiduciary liability they encounter. It allows them to focus on their core business initiatives while entrusting the day-to-day administration of their retirement plan to fiduciary specialists.
“Our PEP is designed to alleviate the burden of day-to-day plan administration and mitigate the escalating fiduciary risk that plan sponsors encounter.”
Shane Hanson of Freedom Fiduciaries
Hanson, CEO and Chief Fiduciary of Boise, Idaho-based Freedom Fiduciaries, said the company aims to redefine the retirement plan landscape by providing clients with a comprehensive solution that eliminates operational friction and enhances the overall experience of managing retirement benefits. The Fiduciary Freedom PEP brings together a team of dedicated professionals, enabling plan sponsors to delegate critical oversight responsibilities to qualified professionals who specialize in their respective fields.
“Now more than ever, plan sponsors are seeking committed partners who can bring innovative solutions to solve real-life problems in the retirement plan domain,” Hanson said. “Our PEP is designed to alleviate the burden of day-to-day plan administration and mitigate the escalating fiduciary risk that plan sponsors encounter, enabling our clients to focus on their business growth and success. We firmly believe that every plan sponsor deserves Fiduciary Freedom.”
Cristina Hansen, Vice President and Director of Client Service at Freedom Fiduciaries, emphasized the significance of this solution for clients. “Having worked with clients every day in this space for the past 13 years, I have witnessed how retirement plans often fall on their priority list, despite carrying significant liability. Our clients have repeatedly expressed the need for simplified solutions, and the Fiduciary Freedom PEP is our answer to their demands,” Hansen said.
The Fiduciary Freedom PEP brings together a trio of industry players to deliver a seamless and reliable experience. The collaborative parties include Finway Group as the Pooled Plan Provider (PPP) and 3(16) Administrator; Empower as recordkeeper; and Freedom Fiduciaries as the 3(38) Investment Manager.
By partnering with industry-leading entities, Hanson said Freedom Fiduciaries ensures that the Fiduciary Freedom PEP is backed by “unmatched expertise and a commitment to exceptional service.”
With the launch of Fiduciary Freedom, Hanson added that Freedom Fiduciaries is taking a major stride toward transforming the retirement plan landscape and revolutionizing the way businesses manage their retirement benefits. “The innovative PEP offers a unique opportunity for plan sponsors to streamline their retirement plan operations, safeguard against potential liabilities, and provide employees with a secure and prosperous retirement future,” he said.
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