P&A OpenChoice
A Customizable Retirement Platform for Participants
Introducing P&A’s OpenChoice Retirement Plan Solutions: a new open architecture investment platform designed for retirement plans. OpenChoice empowers brokers and advisors with the ability to create custom fund menus from the entire universe of mutual funds, ETFs, Collective Trust Funds, and GIC investments. Experience the difference of a truly customizable platform with simple, transparent fees.
OpenChoice can be used with the following plans:
- 401(k) Profit Sharing
- Solo(k) Plans
- Safeharbor 401(k) Plans
- 403(b) Plans
- 457(b) and 457(f) Plans
- Cash Balance Plans
- Prevailing Wage/Davis Bacon Plans
- Money Purchase Pension Plans
- Defined Benefit Plan
P&A OpenChoice Benefits
Select what features you want to use, including:
- Online enrollment
- Deferral auto-escalation
- Automated loan
- Distribution requests
Customizable Solutions
- Advisors can build a menu of funds and are not restricted to a preset menu of funds.
- Choose from bundled or unbundled administration options – use your favorite TPA or our in-house administration and compliance services.
- With P&A OpenChoice Retirement Plan Solutions, we can recordkeep custom allocation models designed by the advisor/broker.
OpenChoice includes 3(21) Fiduciary Fund Services with ongoing monitoring and reporting. Participant communications and guidance is offered with Benefits Hub featuring personalized enrollment videos and financial wellness content.
Unlike many of our competitors, we will not pursue your participants for financial planning services or rollover IRAs. Your business is your business, and we will not compete with you. We guarantee it!
Our goal is to support you by providing a platform that is easy to manage and customize, with dedicated support. Clients are assigned a specific plan representative, so you can reach your plan manager directly for support instead of contacting a general customer service line.