(Charlotte, NC), June 23, 2004 - Investment education provider ICC Plan Solutions has aggressively entered into the retirement plan participant enrollment kit business. As of today they are now offering customized enrollment kits starting at $1.75. The 4 color work book includes informative education content and is designed to easily guide the participant towards making informed decisions and ultimately to enroll.
To simplify the order process ICC Plan Solutions has also developed a proprietary on-line system, 401k e-P.A.S.S. (Enrollment Plan Automated System Solutions). This easy to use web based system allows a user to create custom highlights within minutes, build custom portfolios and upload custom documents. A final PDF is immediately created from the information submitted.
Two primary factors played into the decision for ICC to get into the business. "Many of our customers have been asking us to provide enrollment kits," stated Doug Hall, President at ICC Plan Solutions. "They were either unhappy with their current vendor or wanted a less expensive solution," Hall said. The market has validated the products and pricing. "The PDF's look great," said Vi Voung from New Hampshire based Benefit Strategies. "Their response was prompt and they shipped my order the next day," Voung added.
"I've been bugging these guys for a year to do this," said Jim Johnson, Vice President & National Business Consultant for McCready & Keene. "Most participants grab the enrollment form and throw the rest of the materials away. For companies who want an inexpensive alternative with information that won't overwhelm the participant, this is a great solution. Our newly created advisor consulting department will utilize the service when advisors need out the box solutions for an open architectural approach to plan administration," Johnson elaborated.
The other primary reason for ICC to become involved with enrollment kits was to make the process of enrolling for participants a lot easier. "This may be tough for some in the industry to accept, but from our experience, participants don't want to be inundated with information at enrollment," Hall said. "Exhaustive fund fact sheets combined with pages upon pages of supposed education does nothing but help perpetuate perceived participant apathy. The participant basically wants to know how much they should be deferring," Hall said.
ICC offers the enrollment kits for qualified users with no set up costs and no commitments. They also promise fast turnaround. Orders submitted before 4:00 PM EST Monday through Friday will be confirmed and sent back to client for final approval the same day.
For a limited time, ICC is offering a free 60 day introductory period with no commitments at their lowest prices available. Qualified parties can receive their free access to 401k e-P.A.S.S. by calling ICC Plan Solutions toll-free at 1-800-525-6687.