401(k) Specialist Issue 1 - 2023 - 40

401(k) PRODUCT WATCH
Vestwell Partners with Carson Group
on SMB 401(k) Offering
The offering, announced in January, allows advisors to scale their SMB
retirement plan practices and includes back-office and data integrations
and a home office 3(38) solution. The program also includes several Vestwell
features such as payroll integrations, 3(16) services and streamlined
onboarding and enrollment.
" We are thrilled to launch Carson Complete 401(k) and partner with
a leader in the advisor-sold small plan market, " said Jamie Hopkins,
managing partner of wealth solutions for Carson Group. " We are committed
to enhancing our industry-leading advisory offerings and provide
advisors with the best solutions in the market to help ensure they're set
VESTWELL IS PARTNERING with Carson Group to add a small to
medium-sized business (SMB) component to the new Carson Complete
401(k) offering.
up for success. "
" We are honored to be selected as the provider for the Carson Complete
401(k) offering and partnering with such a well-respected advisory firm, "
said Aaron Schumm CEO and founder of Vestwell. " We designed the Vestwell
platform to solve the major pain points advisors face, from the inside
out. The Carson Complete program provides advisors with a
true partner on the provider side, enabling them to grow their
retirement plan practices in a scalable, efficient manner. "
ONLINE
EXTRA
The Standard Adds Stable Value Offering
for Retirement Investors
THE STANDARD announced its APEX Series, a new stable value investment
product that offers fund options and guaranteed rates through
June 2023.
The APEX Series expands The Standard's stable value portfolio by
offering returns that reflect the rising corporate and treasury rate environment.
The Series provides a conservative investment approach and
consists of four different fund options designed to provide a guaranteed
return of principal. Each fund is structured to offer varying rates of
return based on its plan-level contract discontinuance provisions:
APEX Guaranteed Fixed Interest Fund (4.45% Net): Six book value
(principal and accumulated interest) installment payments over a fiveyear
period.
APEX Capital Preservation Income Fund (4.20% Net): Immediate payment
at the lesser of book value (principal and accumulated interest)
or market value lump sum or elect to receive six book value installment
payments over a five-year period.
APEX Stable Asset Fund (3.90% Net): Immediate payment at the
lesser of book value (principal and accumulated interest) or market
value lump sum or elect to receive six book value installment payments
over a five-year period.
40
ISSUE 1 2023 | 401kSpecialist.com
APEX Guaranteed Rate Stable Value Fund (3.55% Net): Full book
value (principal and accumulated interest) payment after a 12-month
period.
The APEX Series launched on January 1 and is available through
defined contribution (DC) plans such as a 401(k), 403(b), defined benefit
(DB), cash balance and others, depending on the fund.
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401(k) Specialist Issue 1 - 2023

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