Products October 6, 2008

Security Benefit Adds American Funds to Retirement Platform

Security Benefit is adding five mutual funds from American Funds to the SFR Program, a group retirement platform for 403(b)(7), 457(b), and 401(k) plans.
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According to a press release, the funds that will be added to the program include American Funds EuroPacific Growth, American Funds Capital World Growth and Income, American Funds Fundamental Investors, American Funds The Growth Fund of America, and American Funds The Income Fund of America. Security Benefit said the SFR Program is its fastest growing product in the K-12 market.

The SFR Program is designed for use by educational, corporate, governmental, and non-profit employers. According to the release, among its features are:

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  • a multi-manager mutual fund platform of investments;
  • competitive pricing;
  • fiduciary tools for plan sponsors including Investment Practices Statement, continuous monitoring of fund performance, updating and replacement of underperforming investments, and quarterly report card;
  • a complete suite of services for employees through Morningstar Associates, including Morningstar Learning Station, Target Portfolios Powered by Morningstar, Managed by You, and Managed by Morningstar;
  • support from independent local financial representatives.

More information is available by calling Security Benefit’s National Service Center at 1.800.888.2461.

Products October 6, 2008

MasteryPOINT Releases Investment Review Product

MasteryPOINT unveiled Plan Investment Plus (PIP), an online service it said will help advisers work with plan sponsors in meeting their obligation to review plan investments.
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A news release said PIP will allow users to:

  • identify standards and criteria on a plan-by-plan basis to determine whether existing investments remain appropriate;
  • create investment policy statements reflecting the standards and criteria selected;
  • prepare full-color monthly or quarterly monitoring reports, including performance information, for plan sponsors; and
  • produce investment committee meeting agendas and minutes for use by investment committees.

“Meeting the fiduciary responsibility for monitoring plan investments is a major concern for both plan sponsors and their advisers,” said Todd Bloomfield, MasteryPOINT’s president, in the news release. “PIP provides a tool that helps them satisfy that obligation. Like our guidance and advice applications, our monitoring service affords broad functionality at a very attractive price.”

More information is available at 800.525.4237 or www.newkirk.com.

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