Product Development Moves Beyond the 401(k) Plan

May 23, 2019

Fi360, a provider of fiduciary education, training and technology solutions, unveiled a new adviser-education program called “The Essentials of Public Education, Nonprofit and Government Retirement Plans Course for 403(b) and 457(b) Plans.”

As discussed by Michael Muirhead, Jr., senior vice president, learning and development, the training course will be offered nationwide through an online self-paced module. It is designed to help advisers and other key constituents in the 403(b)/457(b) space “create better outcomes for participants using fiduciary principles.” Among other features, the course highlights some of the major differences from 401(k) plans and offers guidance related to the unique plan features.

Accredited Investment Fiduciary designees and advisers working in the corporate 401(k) space are seeking to grow their businesses and they view 403(b) and 457(b) plans as an area where they may be able to leverage their unique fiduciary skills to accelerate their growth,” Muirhead says. “In terms of growth opportunity, this marketplace is a lot larger than many people give it credit for. There is something like $1 trillion in assets in terms of dollars in the 403(b) plan space alone, across some 125,000 plans and 15 million participants.”

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