The firm’s retirement services unit has announced a new 401(k) recordkeeping solution designed to meet the needs of retirement plans with up to $2 million in assets.
Building on The Standard’s suite of solutions, Accelerate will enable small plans to grow on the same platform as large plans at a competitive price, according to the announcement.
“We conducted market research that revealed a significant opportunity for us to scale our expertise and service-first culture to meet the needs of small plans,” said Rob Baumgarten, vice president of Retirement Plan Sales at The Standard. “Through partnerships with TPAs, Accelerate provides peace of mind by creating efficiencies and delivering a superior experience for our clients.”
Key features of Accelerate include:
- a scalable platform that can accommodate plan growth without time-consuming conversions;
- an online Quick Start Tool for quick and easy plan quoting;
- a range of competitive investment options;
- optional investment fiduciary services from Morningstar; and
- a designated account manager for a consistent point-of-contact.
“Accelerate was created with ease of use in mind, allowing advisors and TPAs to use thoughtfully designed resources for their small plan clients,” notes Jody Meth, senior director of Retirement Plan Product Management at The Standard. “In addition to its intuitive quoting process and streamlined onboarding and reporting tools, Accelerate is powered by our clean data technology to ensure errors are caught early—increasing accuracy, saving time and reducing risks.”
For more information, visit standard.com/accelerate.
