Partnership with T. Rowe Price and Alerus Creates Effective Retirement Plan Solution
IMA Wealth developed One Source in partnership with Alerus, which will serve as Plan 3(16) Designated Administrator, and T. Rowe Price, who will serve as RecordKeeper. Together, the respected team handles the majority of administration and investment responsibilities, creating the ideal solution for companies looking to optimize their human resources.
“Pension plans are among the benefits most valued by employees and serve as a recruiting tool,” said IMA Wealth President Richard Holt. “With IMA Wealth One Source, employers can offer a comprehensive, best-in-class retirement plan without the cumbersome paperwork.”
Designed for pension plans with less than $10 million in assets, IMA Wealth One Source offers a wide range of plan sponsor services, integrated member communications, flexible investment options, and full creative reign over plan design.
Benefits for employees of companies registered with IMA Wealth One Source include a dedicated call center for participants and an online platform that gives them access to additional tools and resources.
“It’s a game-changer in the industry and there’s nothing else like it right now,” said Rhonda Randell, director of product development at IMA Wealth. “Initial response to IMA Wealth One Source has been overwhelmingly positive. Clients testing the program are delighted with the ease of the program and the amount of work it has taken off their plates.”
About IMA Wealth
IMA heritage is a wholly owned subsidiary of IMA Financial Group., an integrated financial services company specializing in risk management, insurance and employee benefits. It is the third largest private and majority employee-owned insurance broker in the country and employs over 1,700 associates. IMA Wealth’s pension plan specialists provide highly personalized advisory support for all plan types, including: 401(k)s, 403(b)s, ESOP, KSOP, Defined Benefit and Non-Qualified Deferred Compensation . The team works hand in hand with its clients to design retirement programs that inspire and empower their employees to achieve their dreams with confidence.
Investment advisory services are offered by IMA Wealth, Inc., an investment adviser registered with the United States Securities and Exchange Commission (“SEC”). IMA Wealth, Inc. is also an SEC Registered Securities Dealer, Member FINRA and an Insurance Agency. This is not a solicitation or offer to sell investment advice, securities, or insurance services, except in the states where we are registered or where there is an exemption or exclusion of such recording.
Center Range Communication
IMA Financial Group
See the source version on newsdirect.com: https://newsdirect.com/news/ima-wealth-launches-state-of-the-art-retirement-plan-solution-934909757
2022 News Direct Corp.