Pontera has established a strategic partnership with 401GO meant to empower those saving in workplace retirement plans to receive personalized 401(k) account management from their own advisor.
The partnership is Pontera's first recordkeeper integration that lets advisors debit directly for their services from the retirement plan accounts they are managing. This new feature has been requested by many plan participants on the Pontera platform who want to be able to pay their advisors' management fees directly from their 401(k) accounts, according to the announcement.
401GO, which was established in 2019, is described in the announcement as a "technology-forward retirement plan provider that seeks to better connect employers, worker and financial advisors." It specializes in serving small and midsize employers in setting up and maintaining compliant retirement plans.
"Enabling personalized 401(k) account management through Pontera provides plan participants more choice in how they receive in-plan help, complementing target-date funds, managed accounts and other solutions," said Jerry Bonnabeau, Pontera's head of defined contribution partnerships, in a statement.
Bonnabeau emphasized that Pontera's approach is centered in cybersecurity — being both SOC 2 Type II and ISO 27001 certified — adding that the platform helps savers with more complex financial management needs receive comprehensive service from their trusted advisor and optimize the growth of their retirement savings.
