Top Firms Team Up to Provide 401 Sales Education to Regional Banks

Business Wire,  July 15, 2008  

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CAMPBELL, Calif. -- Three firms: 401kDIRECT, Rogerscasey, and EPIC Advisors, Inc. connect to provide 401(k) sales education to regional bank personnel. This sales education, which will be delivered in a series of short webinars, is open to all regional banks. The firms intend to cover topics that are important to banks that market 401(k) plans.

The series begins Thursday, July 24 with education and discussion on Qualified Default Investment Alternatives (QDIAs). The emphasis of the discussion will be on how banks can help their current client base meet the new PPA regulations and how to use the regulations to develop new client relationships.

Topics in subsequent webinars will include:

* Seven Institutional Guidelines for Selecting Target Date Funds

* Mutual Fund v. Collective Investment Funds, What's the Difference?

* Fees in Today's Environment

Why was this series developed specifically for regional banks? Lance Roberts, 401kDIRECT: "It is our goal to help regional banks recapture 401(k) market share that was lost to bundled product providers. In order to do that it is important to provide banks with the sales support and education they need to compete."

Bankers interested in participating are directed to contact Lance Roberts, 401kDIRECT, 740-927-3553 or lroberts@401k-direct.com.

401kDIRECT, formerly PENTEK Pension Services, is headquartered in Campbell, California with offices in Chicago, Illinois and Columbus OH. 401kDIRECT has specialized in the 401(k) arena since 1984.

EPIC Advisors, Inc. is a leading full-service 401(k) plan recordkeeping firm serving financial institutions and small to midsize companies since 1993. Headquartered in downtown Rochester, New York, with 62 full-time employees, EPIC currently serves clients in 29 states comprising over 820 retirement plans with $2.6 billion in assets. Robert F. Judd serves as President and James M. Genthner as Executive Vice President. EPIC specializes in participant-directed plans, using daily valuation recordkeeping. For more information about EPIC Advisors, visit www.epic1st.com.

An innovator since 1968, Rogerscasey is a diverse, global investment solutions firm. With clients worldwide, our four business units provide a full array of independent solutions to investors, including corporate and public retirement plans, endowments, foundations, financial intermediaries, healthcare systems, not-for-profit organizations, large high net worth individuals and Taft-Hartley plans.

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