Press Release

New Plan Governance Platform Vynntana™ is the Next Step in the 403(b) and 457(b) Non-ERISA Industry

Issued by Verity Asset Management

Jan. 19, 2022

Verity Asset Management launches Vynntana™, a comprehensive suite of tools and expert guidance in support of plan sponsors and their employees

DURHAM, N.C. -- Verity Asset Management (VAM), a Registered Investment Advisor, today announced the official launch of its newest service offering, the Plan Governance Platform, VynntanaTM. Vynntana™ will serve 403(b) and 457(b) employer plan sponsors, their eligible plan participants (employees of K-14 public schools, colleges, churches, governmental agencies, and non-profits), and investment providers. Vynntana™ is a service designed to address the many challenges affecting the tax exempt and governmental employer retirement plan space.

Created as tax-advantaged, non-ERISA retirement savings vehicles offered by eligible employers (plan sponsors) for their employees, 403(b) and 457(b) plans enable their participants to make automatic pre-tax contributions into their account, effectively reducing their taxable income. Some also offer Roth (after-tax) contributions.

While both offer many advantages, there are criticisms of the plans, including fiduciary oversight, disclosure, need for coordinated educational content and tools for participants, fee transparency, multi-provider-related confusion, performance, low-participation rates, and more.

Verity created Vynntana™ as a comprehensive plan management and oversight process led by independent experts using a suite of tools hosted on the platform. It allows all parties to engage and collaborate for the betterment of plan performance. The service incorporates an open architecture-type platform that provides a single-point of entry to support multi-provider plans. The Vynntana™ process begins with a five-step review based on behavioral governance research and strategies:

• Plan governance
• Plan design
• Operational compliance
• Investment management
• Participant engagement

"Vynntana™ is a well-defined, best-practices, plan management system enabling committees to make informed decisions that have a positive impact on participants," explains Al Otto, National Director Plan Governance Solutions for Vynntana™. "The service gives plan sponsors a set of tools to control the environment, and to do things appropriately from a best practice perspective. It will put plan sponsors in control of their messaging and can lead to much improved outcomes for teachers and administrators in retirement."

For questions or to learn more about Vynntana™, contact the company at (https://www.verityinvest.com/contact-us/) or call us at (800) 247-6717.  

About Verity Asset Management:
Verity Asset Management is a Durham, N.C.-based Registered Investment Advisor. Founded in 1996, VAM provides a suite of advisory services nationally to investors, employers and other investment advisors. Services include: Wealth Management for individual investors, integrating decades of expertise and evolving new technologies; Customized Financial and Retirement Savings Guidance to help better assure investor savings last their lifetime; Governance and Oversight for Employer Plans providing specialized expertise in tax-exempt and corporate plans; and Turnkey Solutions for Investment Advisors delivering investment management and practice support. For more information, visit https://www.verityinvest.com/.

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.