LAS VEGAS (March 4, 2013) – The American Society of Pension Professionals & Actuaries (ASPPA) today announced the team of Fiduciary Consulting Group @ PSA from Hunt Valley, Md., received the 2013 401(k) Advisor Leadership Award. Jania Stout, Retirement Plans Practice Leader at PSA, received the award on behalf of the team during a session of the 12th annual NAPA/ASPPA 401(k) SUMMIT in Las Vegas, Nev.
The 401(k) Advisor Leadership Award recognizes a leading financial advisor or team for contributions that exemplify leadership, experience, and expertise in the retirement plan industry. Sponsored by National Association of Plan Advisors (NAPA) and ASPPA—leaders in retirement education and advocacy—the award reflects the multi-faceted efforts of advisors to serve their clients (plan sponsors and participants), act as a mentor, maintain high ethical standards, and consistently improve their practices and services in the retirement industry.
“Stout and her team at Fiduciary Consulting Group are committed to making a difference in the lives of plan sponsors and their participants,” said Brian Graff, executive director/CEO of ASPPA. “They channel this attitude in their service model centered on fiduciary duty, emphasis on participant education, and their openness to innovation in plan design and results. As a result, Stout and her team have enhanced the ability of American workers to achieve a secure retirement.”
Fiduciary Consulting Group @ PSA’s team—Jania Stout, Chad Wilson, and Peter Godfrey, and finalists Chad Larsen, President, and the team at Moreton Retirement Partners in Denver, Colo.; and Michael Kane, Founder & Managing Director, and the team at Plan Sponsor Consultants in Alpharetta, Ga. were selected from more than 65 nominations submitted by peers and colleagues in the retirement plan industry.
“Our business is constantly evolving and Stout and her team understand that with change comes opportunities to educate, inform and innovate,” said Marcy L. Supovitz, NAPA president and principal of Boulay Donnelly & Supovitz Consulting Group, Inc. “When they reached their first $1 billion in assets they took it to the next level and hired a Financial Wellness coach to see how they could improve their outreach to plan sponsors and participants. This is just one way they share their passion for helping workers prepare for a dignified retirement.”
Based in Hunt Valley, Md., the Fiduciary Consulting Group (FCG) at PSA has provided advisory services for defined contribution plans for more than two decades. The team generates 100% of its revenue from consulting on both qualified and non-qualified plans. FCG’s service model is built around the Four Pillars of Fiduciary Duty focused on the Exclusive Benefit Rule, the Plan Document Rule, and the Prudent Expert Rule. The FCG’s goal is to empower participants to make informed decisions relating not only to their plan elections and retirement goals, but to living a fiscally responsible life. They believe sharing knowledge with all parties leads to greater levels of engagement, higher participation rates and an overall positive company-wide outlook on retirement. The team has a combined 45+ years of retirement plan experience and credentials including Accredited Investment Fiduciary (AIF®), Certified Behavioral Finance Analyst, and Certified Financial Planner (CFP®).
Previous leadership award recipients include Don Stone and team at Plan Sponsor Advisors (2012), Michael Malone of MJM401(k) (2011), Sean Waters of Cook Street Consulting (2010), Fred Reish of Drinker Biddle & Reath, and Bill Chetney of National Retirement Partners.
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ASPPA: The American Society of Pension Professionals & Actuaries (ASPPA) is a national organization of more than 11,000 retirement plan and benefits professionals that serves as the educator, voice, and advocate for the employer-based retirement system. ASPPA members are administrators, actuaries, advisors, attorneys, accountants, and other financial services professionals who provide consulting and administrative services for qualified retirement plans. www.asppa.org
NAPA: The National Association of Plan Advisors (NAPA) is an affiliate organization of the American Society of Pension Professionals & Actuaries (ASPPA). NAPA was created by and for retirement plan advisors with a specific purpose—to provide plan advisors with greatly needed advocacy, business intelligence and superior networking opportunities. Membership is open to all retirement plan advisors and support personnel. NAPA’s mission is to be a leader in the evolution of the national retirement system to improve transparency, effectiveness, and governance in an effort to improve the retirement outcome and security for participants. For more information, visit www.napa-net.org