Diversified Investment Advisors Launches PlanXpress(SM); Diversified is First to Offer Automated, Service-Based Alternative to End Date Funds to Simplify Retirement Plan Participants' Investment Decisions.PURCHASE, N.Y. -- Diversified Investment Advisors History Established as a division of the original MONY (Mutual of NY) and its predecessors, it spun off as a separate entity in the early 1990s. DIA has over 50 years of multi-product, retirement services only industry experience. , a national investment advisory firm specializing in retirement plans, has introduced PlanXpress(SM), a suite of automated participant services ranging from plan enrollment through retirement. Diversified developed PlanXpress to help plan sponsors achieve greater retirement plan utilization by bolstering participation rates and savings. In addition, PlanXpress helps plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. more easily reach their financial goals for retirement, while simplifying decision making. "Industry research has shown that procrastination and inertia contribute greatly to low participation levels in company sponsored defined contribution plans Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan ," said Mark Fortier, chief technology officer of Diversified Investment Advisors. "We know that a plan design that offers automated features that take the burden off of the employee and streamlines an individual's decision-making can be highly effective in increasing participation and contribution rates overall. PlanXpress helps participants effortlessly address two questions: 'How much should I save?' and 'How should I invest?'" According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Prescience pre·science n. Knowledge of actions or events before they occur; foresight. prescience Noun Formal knowledge of events before they happen [Latin praescire to know beforehand] 2010: Expert Opinions on the Future of Retirement Plans, a modified Delphi study that Diversified released in 2006, the use of automatic enrollment features in 401(k) plans is expected to increase in an effort to ensure that employees have adequate defined contribution plan coverage. Specifically, according to the study, experts predicted that 53% of plan sponsors will implement automatic enrollment, and 35% will adopt automatic deferral increases, for example. Offering Education with Automation PlanXpress is the only program of its kind to offer an automated, service-based investment solution that allows participants to benefit from a dynamic lifetime investment strategy, while simplifying their investment allocation decision process. Called PortfolioXpress(SM), it utilizes a series of portfolios constructed from the plan's core investment options and is designed to help participants create and maintain an appropriate investment mix by establishing and automatically rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting their investment allocations on a quarterly basis. When a participant signs up for the service, which is free, the program automatically invests in a mix of funds appropriate for the participant's investment time horizon. As he or she approaches retirement age, the investment mix is automatically adjusted to reflect a more conservative strategy. "PortfolioXpress is designed to foster greater plan participation among those participants who want to save for retirement but need help with investment decisions or simply do not have the time to actively manage their accounts," according to Fortier, who directed the development of all the services offered through PlanXpress. "But what makes PortfolioXpress truly unique to the industry and different from a target date fund is that it brings together the value of education with the ease of automation by providing participants with a clear and communicated investment plan as to how their portfolio will progress into and beyond their target retirement date." In addition to PortfolioXpress, PlanXpress also offers plan sponsors and their participants the following services: --EnrollXpress(SM): This service automatically enrolls eligible employees in the plan. Plan sponsors select the default contribution percentage and default investment fund. Participants can opt out at any time. --SaveXpress(SM): Participants choose this service to have their plan contributions automatically increased on a regular basis by selecting the dollar amount or percentage of pay by which their contribution rate will automatically increase. As participants reach plan and/or IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. contribution limits, automatic deferral increases will cease. Plan sponsors select the default timing of the annual increase, which often coincides with annual pay increases, though participants may adjust the timing if they wish. PlanXpress is an automated version of Diversified's Plan of a Lifetime(TM), an integrated education The Integrated Education movement in Northern Ireland is an attempt to bring together children, parents and teachers from both Roman Catholic and Protestant traditions, the aim being to provide a balanced education, while allowing the opportunity to understand and respect all program designed to help retirement plan participants make informed decisions about saving and investing wisely for retirement. "While the objective of PlanXpress is to get participants started effortlessly on their saving and investing journey, we made sure that participants had access to all the tools and services available in the Plan of a Lifetime, including educational tools, access to accounts online, calculators, personalized reports and one-on-one retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. with experienced counselors. These resources are designed to further engage and inform participants and turn passive savers into more active investors--helping them answer the additional questions of 'Am I saving enough for retirement?' and 'How will I know if I'm on track?'," Fortier said. About Diversified Diversified Investment Advisors is a national investment advisory firm specializing in retirement plans. The company's expertise covers the entire spectrum of defined benefit and defined contribution plans, including: 401(k)/403(b) (traditional and Roth); 457; non-qualified deferred compensation; profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of ; money purchase; cash balance and Taft-Hartley plans; and rollover A graphic element in an application or on a Web page that changes its color or shape when the pointer is moved (rolled) over it. See JavaScript rollover. See also n-key rollover. and Roth IRA Roth IRA An individual retirement plan that bears many similarities to the Traditional IRA. Contributions are never deductible, and qualified distributions are tax-free. A qualified distribution is one that is taken at least five years after the taxpayer established his/her first . Diversified services over $74 billion in retirement plan assets, helping more than 1.4 million participants save and invest wisely for retirement. Headquartered in Purchase, NY, the company's regional offices are located in Arkansas, California, Illinois, Iowa, Louisiana, Maryland, Massachusetts, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Ohio, Oregon, Pennsylvania, Texas and Wisconsin. Visit our Web site at www.divinvest.com. |
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