Retirement plan consultant creates 401Connect Enhances the performance and administration of 401(k) plans
Woburn, MA, November 9, 2006 - In response to employers seeking to reduce costs, lessen administrative burdens, and improve the way employees build their retirement savings through 401(k) plans, Bay Colony Partners has launched 401Connect. Designed by the company's retirement plan expert, 401Connect is a model that fulfills these employers' goals through a combination of processes and services.
Bob Auditore, 401(k) consultant and designer of 401Connect, said, "The 401Connect system is a fresh vision that delivers superior results. Our programs evaluate employers' current retirement plans in light of their specific goals and needs. We identify ways to improve each plan or ascertain the criteria for a new one. We take on the task of enhancing each plan, or we find the optimal new plan when conversion is the right choice. Then we provide employees with a new level of service, with one-on-one fund consultations."
401Connect features three proprietary programs and processes to appraise existing and potential 401(k) plans, identify opportunities for savings or increased value, and to provide expert advice for all plan participants.
Acu-Plan and Cost-Track are tools for the review and ongoing management of retirement plans that have been proven highly effective.
Proactive Reach-Out Program (P.R.O.P.) provides employees with a thorough understanding of their 401(k) retirement savings plan. Participants get individual meetings to address the allocation of their funds, as well as the chance to gain advice for other financial planning issues.
"The result with 401Connect is a better plan for the employer, less work for administrators, and a more satisfied team of employees," said Bob Auditore.
About Bay Colony PartnersBay Colony Partners provides employers with employee benefit services and products, including 401(k) retirement plans, executive benefits, group health care plans, and human resources services.
Principals Bob Auditore, Gary Cowles, and Jeff Kagy, are experts in their respective practice area and directly service clients with strategic direction, customized solutions and benefits plan design, as well as the implementation and administration of the plans and initiatives. As a consulting firm with brokerage services, Bay Colony Partners is a source for the latest knowledge that employers need to plan and shape their benefits programs, and a resource for having insurance companies compete on price and service. They work with company leadership to ensure regulatory compliance, fiduciary responsibility, and comprehensive programs for senior executives and all staff alike.
The company delivers a full range of human resources services, as well, ranging from organizational consulting to recruitment and staffing support. Located in Woburn, MA, the company services employers throughout the New England region.
Contact: Robert Auditore,
bauditore@baycolonypartners.com
Bay Colony Partners
400 West Cummings Park,
Suite 1150
Woburn, MA 01801
www.baycolonypartners.com
781.722.0005