The New Paradigm in Cash Balance Plans
MOBILE, Ala., Oct. 18, 2011 /PRNewswire/ -- Today DailyAccess Corporation announced the formation of a strategic alliance with October Three, LLC, an actuarial, consulting, and technology firm. Enhancing the DailyAccess tradition of offering its advisor, plan sponsor, and institutional relationships the most effective, competitive, and meaningful benefits services on its platform, the new relationship will collectively deliver a new paradigm for the design and administration of cash balance retirement plans.
"October Three is a very sophisticated firm with a wealth of cash balance experience, and they bring to the table a technology platform and tools that are without peer in the industry," said Tommy Thomasson, President and Chief Executive Officer of DailyAccess. "While October Three will provide necessary services for cash balance plans and opportunities, we will continue to have, in house, a robust actuarial services team that will focus on client service, consulting, and administration of our traditional defined benefit retirement plans," continued Mr. Thomasson.
"We are very excited about this alliance with DailyAccess," stated Jeff Stevenson, President and Chief Executive Officer of October Three. "The relationship creates a new paradigm in cash balance retirement plan design, implementation, and servicing. DailyAccess will provide distribution of and comprehensive services to cash balance plan sponsors while October Three will provide its expertise and proprietary technology to the DailyAccess platform," continued Mr. Stevenson.
"DailyAccess considers this arrangement to be another example of how it continuously strives to enhance the experience of each client and advisor when they utilize our platform and services. Under this new alliance, DailyAccess and October Three will offer more sophisticated, efficient, and robust cash balance plans to the market than are available anywhere else today," concluded Mr. Thomasson.
DailyAccess Corporation delivers the Diamond Strategy: A comprehensive suite of integrated and easy-to-use employee benefits services supported by solutions-based technologies and personalized client service. The suite of employee benefits services includes; retirement plan design, defined contribution retirement plans, defined benefit retirement plans, cash balance retirement plans, and flexible benefit services, as well as investment advisory services through its wholly-owned subsidiary, InterServ®, LLC and health and welfare consulting services through its wholly-owned subsidiary, Resolution Benefits Design, LLC. All services are available as comprehensive integrated benefits packages, in any combination or individually.
About October Three
October Three, LLC is a full service actuarial, consulting and technology firm that is one of the leading forces behind the reemergence of defined benefit plans across the country. A primary focus of the consultants at October Three is the design and administration of comprehensive retirement benefits to plan participants that minimize the financial risks and volatility concerns plan sponsors face. Through effective plan design strategies October Three believes successful financial outcomes are achievable for both plan sponsors and plan participants alike.
SOURCE DailyAccess Corporation
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