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View More Press Releases by Platinum 401k

Press release:

The Platinum 401k, Inc. Announces New Pooled Employer Plan Website

Issued by: Platinum 401k

Date: Jan. 6, 2020

JANUARY 6, 2020 -- The Platinum 401k, Inc., a Clearwater, Florida based third party administration and retirement plan consulting firm, announces the release of their new Pooled Employer Plan website for Advisors, Recordkeepers, and other retirement plan service providers.

Terrance Power, the President and CEO of The Platinum 401k, explained that the website is primarily directed towards advisors and other investment professionals who want to "custom brand" a Pooled Employer Plan for their existing and future retirement plan clients.

"The passage of the Secure Act provisions in December 2019 will lead to a huge shift in how retirement plans are sold and operated beginning in January 2021", said Power. "The ability of an advisor to establish a plan for their clients that they can operate in accordance with the provisions of the new legislation will lead to their ability to add even more value to their client relationship".

Power believes that the elimination of the individual plan Form 5500's and Annual Plan Audit, as well as the ability of the advisor to serve as the PEP's 3(38) Investment Manager if they choose, will be a huge attraction especially for clients in the $1mm to $50mm plan size.

The Platinum 401k's new Pooled Employer Website is located at https://www.theplatinum401k.com/pooled-employer-plans

The Platinum 401k, Inc. is an independent, fee-for-service third party administration and retirement plan consulting firm. They have over 30 years of experience working with multiple employer plan clients across the country.

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View More Press Releases by Platinum 401k


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