Unison Risk Advisors Announces Launch of New Pooled Employer Plan

| by oswaldfinancial

Cleveland, Ohio (March 10, 2021)Unison Risk Advisors, the combined holding company of Oswald Companies and RCM&D, has launched a Pooled Employer Plan (PEP). The PEP, titled Unison Risk Advisors Pooled Employer Plan, will deliver retirement plan services to clients in collaboration with: Oswald Financial, Inc., as the ERISA 3(38) Investment Manager; The Platinum 401k, Inc., as ERISA 3(16) Plan Administrator and the Pooled Plan Provider; and Voya Financial serving as the plan recordkeeper.

This solution was created in response to the Setting Every Community Up for Retirement Enhancement (SECURE) Act legislation, signed into law Dec. 20, 2019, and the provision that allowed Pooled Plan Providers to establish Pooled Employer Plans effective Jan. 1, 2021. It is designed to provide a pooled plan to one or more unrelated employers, broadening the access of retirement plans for companies of all sizes.

“Oswald is known for being a pioneer in this industry — always bringing innovative solutions to our clients and the retirement plan community. With the establishment of our own Pooled Employer Plan — Unison Risk Advisors Pooled Employer Plan — we can pool employer-sponsored plans together for more competitive pricing, expanded services and increased benefits,” said Dave Kulchar, managing director of Oswald Financial, Inc. “This PEP provides our Oswald and RCM&D teams of experienced retirement plan advisors yet another tool to make sure our clients are best positioned with the most suitable options to meet their plan objectives. Oswald continues to be committed and dedicated to our clients’ needs and our marketplace.”

Pooled Employer Plans provide a reduction in an employer’s fiduciary liability and can lead to potential pricing discounts due to the consolidation of plan assets of many separate companies. Among other administrative efficiencies, they eliminate individual Form 5500 filings and audits. Furthermore, in a PEP, the employer no longer serves as the plan administrator or trustee of their own plan — nor are they responsible for fund selection and monitoring duties. They retain fiduciary responsibility primarily in the selection and oversight of the parties running the Pooled Employer Plan, as well as for the timely remittance of employee elective deferrals and data as requested by the pooled plan provider and other service providers to the plan.

The Platinum 401k, Inc., affiliate Plan Compliance Services, Inc., serves as the ERISA 3(16) Plan Administrator and is responsible for day-to-day oversight of the plan and compliance with all ERISA and IRS regulations. Oswald Financial, Inc., is the ERISA 3(38) Investment Manager and is responsible for fund selection and monitoring.

“We’re thrilled to serve as the Pooled Plan Provider on this new Pooled Employer Plan,” said Terrance Power, president of The Platinum 401k. “The team at Oswald Financial understands the tremendous opportunity that exists with these types of programs Their commitment to their clients by establishing their own Pooled Employer Plan underscores their dedication to the qualified plan marketplace.”

Voya Financial, one of the leading retirement plan providers in the U.S., will serve as the recordkeeper for the new plan, which is available immediately for clients.

“We are thrilled to work together with Unison Risk Advisors through the launch of their new plan,” said Bill Harmon, president, Retirement Corporate Markets for Voya Financial. “As Pooled Employer Plans are becoming more and more prominent in the market as a result of the SECURE Act, we are excited about the opportunity they bring in helping to provide greater access to retirement planning for all Americans.”

About Unison Risk Advisors

Established in 2021 through the historic and strategic merging of Oswald Companies and RCM&D, which includes Oswald Financial, Inc., Unison Risk Advisors represents one of the nation’s largest privately held and employee-owned, insurance brokerage and risk management firms. It ranks among the 30 largest brokerage firms and among the top five largest independently owned firms in the country. Through its regional operating companies, Unison Risk Advisors provides risk management services, commercial property and casualty insurance, employee benefits and health insurance, personal and life insurance, and retirement plan services to corporate and individual clients in a diverse set of industries.

About The Platinum 401k

The Platinum 401k, Inc., provides independent retirement plan administration services for corporate clients across America. Terry Power has been in the retirement plan industry for over 40 years. He is responsible for overseeing the operation of the firm as well as the overall marketing and communication strategy. Terry has been involved in the installation of over 3,000 retirement plans during his career and is widely regarded as an expert in the field. He has an extensive background in the multiple-employer retirement plan field, having over 30 years of experience in this highly specialized area. Terry is a frequent speaker at industry events and is often quoted in financial publications.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13.8 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020. The company had $700 billion in total assets under management and administration as of Dec. 31, 2020. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World’s Most Ethical Companies® by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron’s 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.


Investment advice offered through Global Retirement Partners, DBA Oswald Financial, a registered investment advisor. Unison Risk Advisors, The Platinum 401k, Inc., and Voya Financial are all separate entities.