Busy workers can now enroll in their employer’s 401(k) or similar retirement savings plan anytime, anywhere, thanks to an enhanced mobile app now available through the Massachusetts Mutual Life Insurance Company (MassMutual) in Springfield, Mass.
MassMutual’s RetireSMART mobile app allows users to enroll in their employer’s defined contribution retirement plan, determine how much to contribute from each paycheck and then select their investments.
Once enrolled, plan participants can also alter their current investment strategy by changing investment options. They can also rebalance existing accounts within different investments, increase their contributions or request assistance in consolidating their retirement savings accounts.
The app is available free of charge to workers whose employers sponsor a MassMutual defined contribution retirement plan. The app can be downloaded in the Apple or Google app stores.
RIA In A Box Adds Compliance Tool To Expanded Platform
RIA in a Box, a New York consulting company offering compliance, cybersecurity and registration software to the wealth management industry, has released its Annual Review Tool as an expansion of the MyRIACompliance software platform.
The tool features an annual risk assessment and updates on the latest regulatory developments. It also allows firms to document the review of written policies and procedures so they can better streamline their annual compliance program review. Upon completion, the MyRIACompliance platform automatically generates a comprehensive annual review summary report available for download anytime.
The firm also announced a new free level of access to its Vendor Due Diligence Platform, part of the MyRIACompliance platform, available to all RIA firms. The platform allows RIA firms and vendors to automate documentation sharing and tracking, including documents for e-mail compliance, data security and cybersecurity policies.
Real Wealth Marketing Integrates With Redtail CRM
Real Wealth Marketing, a drip marketing program for financial advisors, can now be used with Redtail Technology’s customer relationship management solution to offer a seamless, turnkey marketing experience for insurance and financial professionals.