IPX Retirement has announced the addition of two new industry partners that will be implementing the firm’s IPX Plan Governance Program (PGP), as well as its Master Recordkeeping solution.
According to the Aug. 29 announcement, IPX Retirement is currently implementing its Master Recordkeeper and PGP solutions with Higgenbotham Executive Benefits, as part of their RISE benefit program.
“Higginbotham and the RISE Savings and Investment Program are excited to partner with IPX to provide Master Recordkeeping for our 403(b) plan sponsors,” stated Kevin Grant, President of Higginbotham Executive Benefits. “Participants want choices in retirement investment providers but also low costs, consistent oversight, and support from trusted advisors. IPX has the most effective platform we’ve found to help us offer that kind of seamless experience to Texas educators.”
Meanwhile, IPX also announced that it recently partnered with Verity Advisors to offer a plan governance solution in conjunction with their Vyntanna program for North Carolina school districts.
“Improved 403(b) plans come from industry leaders working together,” said Rob McLean, Chief Governance Officer of Vyntanna and Verity Advisors. “Basic plan management through the introduction of governance programs helps create better multi-provider plans. We are working together to bring better education and options to millions of public-school teachers and support personnel.”
The IPX PGP was created two years ago to empower advisors as they work with plan sponsors—particularly those in governmental 457 and public-sector 403(b) retirement plans—to transform standard recordkeeping and administration within the industry, while preserving and strengthening the multi-product industry.
IPX Retirement also created what it says is the industry’s only master recordkeeping platform for tax-exempt plans that centralizes multiple investment providers on a single platform, streamlining plan administration while offering custom-designed, permission-based plans with access to multiple investment providers and multiple products, including legacy account data.
By implementing Master Recordkeeping in addition to the PGP, RIAs, benefits providers and plan consultants have simplified administration and reduced plan costs in their respective 403(b) and 457 plans, IPX notes.
“As an innovative provider of retirement plan services to public sector employees, particularly teachers and municipal employees, IPX is proud to work with partners across the industry,” said Bill Mueller, CEO. “Plan governance delivers a more flexible solution, improving options for employees as they prepare for retirement. Using a Master Recordkeeper approach helps plan sponsors reduce the burden of plan administration while maintaining a high standard of fiduciary protection for the employer.”
For more information, visit the IPX website.
