RSG Securities' Elite Choice Retirement Solutions Adopted by 25 California School Districts and Community Colleges in Its First Three Months.TORRANCE, Calif. -- Keenan & Associates: --Retirement Program for California School Employees Provides More Choice, More Control and More Flexibility; The Only Program to Mitigate Fiduciary Liability for School District and Community College Plan Sponsors Keenan, the largest privately-held brokerage firm in California, today announced that its subsidiary RSG RSG Revenue Support Grant (UK) RSG Recovery Storage Group (Microsoft Exchange) RSG Ready, Set, Go! RSG Regional Support Group RSG Research Study Group (NATO) Securities' new product "Elite Choice" has well surpassed its three-month projections -- reaching a milestone of 25 school districts and community colleges throughout the state of California adopting the plan. Elite Choice is a unique investment platform for California school district employees that mitigates fiduciary liability for school districts that sponsor a Governmental 457(b) Plan. Keenan serves 800-plus California school district clients. Steve Gedestad, Executive Vice President of Keenan, says, "In a statewide environment where teachers are concerned about their benefits, the Elite Choice plan offers a wide spectrum of investment choices among all investment styles, categories and risk classes to meet their 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. needs." Adds Gedestad, "Even in the face of the changing legislative climate in Sacramento, this program takes a quantum leap quantum leap n. An abrupt change or step, especially in method, information, or knowledge: "War was going to take a quantum leap; it would never be the same" Garry Wills. in providing school employees with retirement options they can count on." RSG Securities (RSG) delivers and enrolls Governmental 457(b) and 403(b) Tax Sheltered Annuity plans for public school employers and municipalities throughout California. Denise Smith, Director of Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. for the Imperial County Office of Education, says, "We found that Elite Choice offered the most comprehensive and competitively priced program. Elite Choice is a total solution for the district and employers. Elite Choice quite simply fits our needs, and so far has exceeded our expectations." Robert Hornaday, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of RSG, says, "I am heartened by the widespread interest in our Elite Choice product, which took nearly two years to develop and bring to market. Since our launch three months ago, we've made great strides in the California marketplace, including the Riverside, Imperial, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , and Sacramento areas. We look forward to soon offering Elite Choice in the San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. marketplace. Our goal is to bring RSG's wealth of experience and innovation to provide real choices for employees and unparalleled support for employers to our clients. " Benefits to employers include mitigating fiduciary liability, providing a comprehensive employee education program that meets federal and state regulations, relieving the 403(b)/457(b) administrative burden, and incorporating an easy to access web-based reporting and administration service. Benefits to employees include no upfront loads or backend surrender fees, no IRS penalties for qualified 457(b) early distributions, low annual maintenance fees, 150 mutual funds to choose from, and professionally managed portfolios that include lifestyle products. Other key benefits include a guaranteed interest annuity, personal brokerage accounts - individual stocks and bonds (457(b) only), flexibility to consolidate current and future investments, online enrollment and account management, and access to an 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 . A Governmental 457(b) plan is similar to a 403(b) plan in that it allows employees to defer income on a pre-tax basis. Employees can participate in both 457(b) and 403(b) plans both of which grow on a tax-deferred basis until retirement. Elite Choice helps ensure school districts are complying with IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. rules for 403(b) & 457(b) plans. About RSG Securities Founded in 2000, RSG Securities is a limited liability division of WorthMark Financial Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (California dba WorthMark Financial and Insurance Services, LLC), member NASD/SIPC and a Registered Investment Advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in . For more information, call 1-877-544-4380 or email info@RSGonline.net. Visit our web site at www.RSGonline.net. About Keenan Founded in 1972, Keenan & Associates is the largest independent broker in California, and the 21st largest insurance brokerage firm in the United States. Keenan is dedicated to providing superior insurance products and services to schools, community colleges, municipalities, and healthcare organizations that include employee benefits, third-party claims administration, workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , integrated disability, risk management, and property and liability. Keenan has a network of offices located throughout California and a staff of more than 550 insurance specialists. For more information, call 1-800-654-8102, 1-310-212-3344 or email info@keenan.com. Visit our web site at www.keenan.com. |
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