Commonwealth Enhances Retirement Plan Management Through Partnership with 401(k) Producer Services

Commonwealth Financial Network, Waltham, Mass., and 401(k) Producer Services recently agreed to an institutional partnership, providing Commonwealth advisers with access to leading-edge retirement plan consulting tools and resources. 401(k) Producer Services is a firm dedicated to helping retirement plan advisers enhance the revenue and profitability of their businesses.

“We partnered with 401(k) Producer Services to bring a high-quality service platform to our retirement producers,” said Timothy Nihill, Commonwealth’s manager of retirement. “What this firm offers will allow our advisers to move upstream in the marketplace, as well as allow them to spend more face time with current and prospective clients.”

To better service plan sponsors and their employees, advisers will have access to a multitude of retirement consulting tools, technology, and resources. These include fiduciary and plan compliance materials, independent investment analysis, marketing and sales support, fee benchmarking services, consulting services support, administrative checklists and support staff forms, employee communication materials, and practice management assistance.