Voya Offers Retail Advisors New Suite of Practice Management Resources to Grow 401k Plan Business
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According to industry research, in 2016, roughly 70 percent of all 401(k) plans leveraged an independent investment advisor - separate from the plan's recordkeeper - to assist with investment selection and education responsibilities.1 Voya recognizes the growing trend, and is making it easier for advisors who wish to enter this market or expand their current business with plan sponsor clients. Through the RPAG offering, advisors can benefit from important business building capabilities, including sales and marketing support, fee benchmarking, plan design and quotes, participant engagement, financial wellness programs, fund monitoring and plan sponsor fiduciary education. Additional details about the platform are available at www.rpag.com.
"We continue to make significant investments in resources and technologies that will help our advisors meet the needs of their clients. This includes providing new opportunities to grow and adapt their business," said
"There are often gaps between plan sponsors and plan fiduciaries when it comes to understanding fiduciary roles and responsibilities," added
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