American Trust Retirement Launches WorkSaveRetire Program
17 Julio 2024 - 7:30AM
Business Wire
Comprehensive retirement solution for advisory
firms streamlines plan operations, enhances sponsor satisfaction,
improves participant outcomes
American Trust Retirement, an AmericanTCS business and a
leading, full-service provider of retirement plan solutions to
advisors serving the small- and mid-sized plan market, today
unveiled its WorkSaveRetire program, an innovative
retirement solution for advisors that streamlines plan operations,
enhances sponsor satisfaction, improves participant outcomes and
saves time.
WorkSaveRetire is a comprehensive service package that
relieves plan sponsors and advisors of most administrative
responsibilities. American Trust Retirement serves as the fiduciary
to the plan and its investments.
“WorkSaveRetire addresses the most common refrain we’ve
heard loud and clear from advisory firms – Make it simple to offer
a retirement plan that helps plan participants achieve the
retirement they want,” said Jonathan Duggan, Senior Vice President
and National Sales Manager at American Trust Retirement. “By
entrusting the operation of retirement plans to us, advisory firms
are liberated to focus on servicing their existing clients and
expanding their businesses while overseeing and monitoring plan
performance in a simple and streamlined way. At the same time,
employers can hand off the responsibility and fiduciary liability
of running a plan to the experts on our team.”
The WorkSaveRetire solution:
- Scales an advisor’s retirement business – Partnering
with American Trust Retirement enables advisory firms to create a
scalable model in which they spend more time nurturing client
relationships and growing their business while American Trust
Retirement handles most plan activities.
- Reduces fiduciary risk – Plan sponsors may have a
general understanding of their fiduciary responsibilities. Still,
they likely underestimate the personal risks and obligations that
come with acting as a fiduciary of a retirement plan.
WorkSaveRetire can mitigate much of the fiduciary risk they
assume.
- Supports client success – With the WorkSaveRetire
team managing the administrative tasks of operating a retirement
plan, advisory firms can spend less time resolving plan-related
complications and focus on what matters most: running a successful
business.
- Delivers better outcomes – A participant’s success
depends on various factors, such as contribution levels, investment
choices and market conditions. By combining smart plan design
features with a focus on participant advice, American Trust
Retirement takes the guesswork out of the equation and positions
plan participants to achieve their long-term goals.
Duggan added, “With our team handling everything from approving
participant distributions and managing plan investments to
completing all required annual reporting, there’s never been a
better time to work with American Trust Retirement. Firms adopting
our plan design features and personalized managed accounts
experienced a dramatic improvement in the percentage of
participants on track to retire successfully.”
About American Trust Retirement American Trust Retirement
is a leading, full-service provider of retirement plan solutions to
advisors serving the small- and mid-sized plan market. With offices
in Dubuque, Iowa; Memphis, Tennessee; Lexington, Kentucky;
Greensboro, North Carolina; and Denver, American Trust Retirement
and its affiliates bring together the cornerstones of a quality
retirement plan including plan design, fiduciary oversight,
discretionary trust services, cost efficiency, service and
technology. Visit www.americantrustretirement.com for more
information.
About AmericanTCS For almost 50 years, the businesses
that comprise AmericanTCS – American Trust Custody, American Trust
Retirement, American Trust Wealth, AmericanTCS Fiduciary Services
and American Technology Automation – have been collaborating with
financial intermediaries to provide successful financial outcomes
for them and their clients. AmericanTCS is dedicated to delivering
exceptional customer service and innovative technology to create
operational efficiencies and competitive advantages. By
prioritizing strong relationships and continuous collaboration,
AmericanTCS aims to establish itself as the go-to services partner
in today’s ever-evolving marketplace, fulfilling its mission of
creating financial security for all Americans. Visit
www.americantcs.com to learn more.
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