PAi Joins Forces with LPL Financial on Small Market Solution

PAi, a provider of 401(k) plan administration and recordkeeping services, has joined forces with LPL Financial to incorporate its Small Market Solution into its current offerings for small business 401(k) plans and startups.

Unique features such as PAi’s transparent pricing, payroll integration capabilities and no minimum requirements for plan assets are combined with the CoPilot technology features to create a proactive and educational retirement saving experience for both participants and plan sponsors.

LPL’s Small Market Solution provides 3(38) fiduciary services and monitoring. CoPilot features, such as the Years of Retirement calculator and alerts system, work together to keep participants in the know when it comes to where they are on their path to retirement readiness.

“We’re very excited to be able to combine our specialized solutions and a personal service experience with LPL Financial’s platform to serve the small plan and startup space,” says Christy Hopkins, partner account manager at PAi. “Our team genuinely cares about  helping small business owners and workers reach retirement readiness, and this partnership opens up more opportunities to connect with and help clients get where they want to go.”

Bryan Hodgens, senior vice president of national sales at LPL Financial, adds: “The complexity of providing a retirement plan can be a hurdle to small business owners. LPL’s Small Market Solution is designed to make it easier for employers, by managing the investments and working with providers such as PAI to deliver additional services and support. The partnership can help small business owners differentiate their companies by providing their employees a path to saving for a successful retirement.”