Advisory firm intellicents recently announced it has selected The Standard to roll out its intelli(k) pooled employer plan, or PEP. The intelli(k) PEP offers a scalable solution for businesses with broad and flexible design capabilities.
“We are finding that there is interest across all market segments to learn more about the benefits of joining a PEP”
Grant Arends, intellicents
“We are finding that there is interest across all market segments to learn more about the benefits of joining a PEP,” said Grant Arends, Co-Founder and President of Retirement Services at intellicents. “Whether you are an existing client or a prospect, whether you have an existing plan or starting a new plan, intelli(k) is definitely something for plan sponsors to consider.”
Arends adds that intelli(k) provides enhanced fiduciary protection by removing the client from the role of plan sponsor. It bundles 3(38) investment governance and 3(16) administrative governance into a seamless packaged solution, allowing employers to upgrade offerings to employees while adding layers of fiduciary protection for the business.
“This allows employers to both upgrade the offerings to employees while adding additional layers of fiduciary protection for the business,” Arends added.
“We are thrilled to work with intellicents to offer the intelli(k) PEP, which perfectly complements the organization’s ‘over-serve the underserved’ mission,” said Steve Chappell, vice president of retirement plan sales distribution at The Standard. “The program is unique in that it’s packaged with intellisteps worksite financial planning for all participants, which aligns with improving the availability of quality, affordable retirement plans to American workers.”
Headquartered in Eden Prairie, Minn., intellicents serves more than 350 employers and more than 51,000 participants, with more than $4.5 billion in retirement and another $1 billion in personal financial planning assets under management and advisement.
“Most employers are genuinely concerned about the financial health of their workforce,” Arends said. “With intelli(k) we can provide every participant with a foundational financial plan annually. Employees can then access one of our CFPs on our 800 number financial hotline to address their questions or even work with them to put together a holistic, comprehensive financial plan with supporting services to help execute it. They will also receive targeted emails, have access to a library of over 60 educational videos, and can attend monthly interactive webinars on financial planning topics.”
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