Complete Advisors teams up with RPG Consultants to offer retirement plan sponsors a true open architecture and fully transparent 401k solution.

VALLEY STREAM, N.Y., Feb. 3, 2016 /PRNewswire-iReach/ -- "Employers that sponsor 401k plans are increasingly concerned about plan costs and liabilities – causing them to re-examine their roles as plan fiduciaries", said Evan Levine, President and founder of Complete Advisors. "In the past, revenue sharing payments, whereby insurance and mutual fund companies make indirect, opaque payments to third party administrators and financial advisors was the norm.  But new concerns over litigation against plan sponsors – that use revenue sharing as a basis for selecting the funds for the plan – are starting to curtail that practice".

These trends prompted Complete Advisors to team up with RPG to offer a new kind of 401k solution, one that is true open architecture and fully transparent.

Any available Mutual Fund or ETF can be used in the plan because neither Complete Advisors nor RPG is affiliated with a bank, insurance or mutual fund company.  This structure minimizes conflicts of interest and paves the way for increased objectivity.

The platform uses only institutional share classes or the lowest expense share class available, with no revenue sharing.  The expense ratio represents only the pure cost of investment management while reasonable fees for record keeping, administration and financial advice are disclosed as line item debits on each participant's statement, offering the utmost transparency to sponsors and participants alike.

"The time has come for this type of 401k solution and I'm excited to be partnering with RPG who has led the way with the movement towards greater objectivity and transparency in ERISA governed retirement plans", says Levine.

About Complete Advisors

Complete Advisors is an independent financial advisory and planning firm which assumes a direct fiduciary relationship with Retirement Plan Sponsors and individual Investors. Services include:  Retirement Income Planning, Investment Management Advice, Estate Planning and Insurance.

About RPG Consultants

RPG Consultants is a CEFEX-Certified Recordkeeper and Third Party Administrator (TPA) offering full-service retirement planning with an emphasis on defined benefit, defined contribution and 401k programs, complex pension strategies (including select comparability designs), non qualified deferred compensation programs, cafeteria plans and plans covered by the Davis-Bacon Act.

Media Contact: Evan Levine, Complete Advisors, 516-240-6161, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Complete Advisors