MetLife Resources will be offering retirement plan participant guidance services from Advised Assets Group (AAG) L.L.C. to nonprofit employers.
MetLife Resources, a unit of MetLife Inc., New York (NYSE:MET), says it will be using AAG’s Triple Solutions Program to help participants in the nonprofit employers 403(b) plans and other defined contribution plans.
AAG, Greenwood Village, Colo., developed the Triple Solutions Program with help from Ibbotson Associates Inc., Chicago.
The program offers plan participants Web-based information, including access to asset allocation and retirement savings rate recommendations; a personalized, regularly rebalanced managed accounts feature; and advice about post-retirement investment and spending decisions.
AAG, a registered investment advisor, can act as a fiduciary for the managed accounts and online advice services.
- Warren S. Hersch