Products November 30, 2007

Pacific Life Adds Annuities to Individual(k) Program

Pacific Life Insurance Company has added a suite of variable annuities as a funding option for its Pacific Life Individual(k) Program.
Reported by

Both annuities and mutual funds can be used to pursue investment goals in the program, the company said in a press release. The program will continue to offer Portfolio Optimization Funds, which are five asset allocation “fund of funds” to help investors diversify among management companies, as well as asset classes.

The variable annuities are issued by Pacific Life Insurance Company and Pacific Life & Annuity Company.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

The Individual(k) program is a 401(k) designed for self-employed business owners and their spouses.

“Our mutual funds have been well-received, and now, we’ve included our variable annuities as an investment choice due to the tremendous demand for asset protection, which is available through an annuity’s guaranteed benefits,’ said Kathleen McWard, vice president of marketing, Annuities & Mutual Funds Division, in the announcement. “This addition of variable annuities as a funding option opens up the opportunity for self-employed business owners to diversify their investments for retirement within one Individual(k) program.’

More information is at www.PacificLife.com.

Products November 30, 2007

Ftwilliam.com Issues Latest Version of Form 5500 Software

ftwilliam.com, a Milwaukee-based provider of plan documents and government forms, has released the 2007 version of its Form 5500 software package.
Reported by

A company news release said the product received certification by the U.S. Department of Labor (DoL) EFAST program.

In addition, ftwilliam.com said it has updated its 5500 software to provide for simplified reporting for plans with fewer than 25 participants and edit checks to accommodate these changes.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

ftwilliam.com’s 55Autofill feature, allowing a user to download all of the prior year’s data from the DOL database into the current year’s forms by entering the plan sponsor’s EIN number, will remain available to all users, the company said.

More information is at www.ftwilliam.com.

«