401k Forum and Universal Pensions Sign Key Advice, Web Services Accord.SAN FRANCISCO--(BUSINESS WIRE)--Nov. 5, 1999-- 401k Forum, the leading provider of online retirement investment advice, and Universal Pensions, Inc., a leader in providing web technology for financial institutions in the retirement industry, today announced the signing of an agreement to build a bridge between 401k Forum's advice service and UPI's The 401(k) Network(TM). The collaboration will make it easier for service providers that utilize UPI's The 401(k) Network(TM) technology to integrate 401k Forum's customized fund advice into their service offerings. This will make top-quality investment advice potentially accessible to the 2,200 plan sponsors that utilize UPI's The 401(k) Network(TM) to allow participant access to their programs via the Internet. "We are very happy about this agreement because UPI's The 401(k) Network(TM) technology is an excellent facilitator for delivering our advice service to plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. ," said Neal Ringquist, 401k Forum's Vice President for Business Development. Under the agreement, UPI UPI abbr. United Press International will refer to 401k Forum its plan provider clients who wish to offer investment advice as part of their service to plan sponsors. When those providers sign agreements with 401k Forum, UPI will seamlessly meld the advice service into the providers' web sites. 401k Forum and UPI have already begun working together to help UPI client First Union integrate 401k Forum's advice service into First Union's bundled defined contribution program, which currently includes The 401(k) Network(TM). "The fact that 401k Forum and UPI have agreed to work together gave us additional comfort in moving forward with 401k Forum as an advice provider," said Joe Ready, Senior Vice President of First Union. Investment advice has been recognized by many plan sponsors as the top communication tool for encouraging employees to participate in their 401(k) plans. 401k Forum's clients report that employee participation in and satisfaction with plans has increased as a direct result of providing 401k Forum's advice. 401k Forum and UPI both employ the medium of Internet technology to facilitate 401(k) administration. The 401(k) Network(TM) aims to simplify 401(k) account management for plan sponsors and participants by allowing inquiries and transactions via the Internet, while 401k Forum delivers customized advice to participants on how to allocate To reserve a resource such as memory or disk. See memory allocation. their investments among the funds offered by their plans. 401k Forum's analysts use a unique blend of quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: and qualitative reviews to recommend a fund allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as for each participant based on the individual's retirement goals and risk tolerance Risk Tolerance The degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio. Notes: An investor's risk tolerance varies according to age, income requirements, financial goals, etc. . About 401k Forum 401k Forum, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (www.401kforum.com), is the leading online investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and also the first SEC-registered company to exclusively provide 401k participants with fund allocation advice and guidance over the Internet. Located in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , 401k Forum is a subsidiary of Emergent emergent /emer·gent/ (e-mer´jent) 1. coming out from a cavity or other part. 2. pertaining to an emergency. emergent 1. coming out from a cavity or other part. 2. coming on suddenly. Advisors, a holding company dedicated to delivering independent and objective online advice to participants in 401(k), 403(b), and 457 plans, and Individual Retirement Accounts. 401k Forum also runs the 401Kafe, the community site providing free retirement and investment information, as well as interactive educational content. About Universal Pensions, Inc. Universal Pensions, Inc. (UPI) is the premier provider of retirement plan expertise and business solutions to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Serving a client base of over 9,000 financial organizations nationwide, UPI provides the consulting expertise, products and services, and technology solutions financial service providers need to achieve and maintain compliance while building market share in the volatile and exploding retirement plans market. Headquartered in Brainerd, Minn., UPI successfully fuses its 25 years of deep subject matter expertise and retirement industry experience with leading edge technology to bring focused, precise business solutions to the market. UPI's The 401(k) Network(TM) lets investment managers and recordkeepers provide a complete communications link with brokers, employers and participants, resulting in substantially improved service and operational efficiency. |
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