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Products January 7, 2009
BCG Partners with Mid Atlantic Trust To Launch 401(k) ETF Platform
Benefit Consultants Group (BCG) announced it is teaming up with Mid Atlantic Trust Company (MATC) to launch a bundled 401(k) platform offering exchange-traded funds (ETFs).
Reported by Rebecca Moore
BCG said the MATC solution eliminates operational challenges facing previous efforts to successfully integrate ETFs into daily valued 401(k) platforms. “Now, ETFs can be integrated into a 401(k) menu without sacrificing quality custody, settlement, recordkeeping, and administrative services,” and the solution allows advisers and plan sponsors the opportunity to broaden investment horizons, according to a press release.
“We are extremely pleased to form this partnership with MATC and bring new and innovative products to our advisers, who have been increasingly asking about the ability to use ETFs,” said Beau Adams, executive vice president of business development at BCG, in the release. “Advisers can now introduce ETFs without sacrificing recordkeeping, administrative accuracy, or efficiency.’
More information is available at www.bcgbenefits.com.