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Open Architecture



If you are familiar with 401(k) plans, you have undoubtedly heard a lot about "open architecture" plans lately. While it has become popular for other plan providers to associate themselves with "open architecture", Ancora has been designing and managing open architecture, fully fee transparent 401(k) plans for years. 

So what does open architecture mean and why is it a benefit to you? In a nutshell, as the diagram illustrates, it means hiring, with the benefit of our years of expertise, best of breed service providers for your specific needs for all three critical aspects of the typical 401(k) plan specifically: Plan administrator/Record Keeper, Custodian and investment product offerings. 

 
 
 

 

What this means to you as the plan sponsor is a plan that is 100% tailored to your needs and therefore provides the best opportunity for plan success. In addition, although we do not expect it to happen, in the future if any element of the plan is not living up to your satisfaction, it can simply be replaced without having to move the entire plan to another service provider. As a result, an open architecture plan with Ancora should be the last time you ever have to go through the ordeal of moving a 401(k) plan. With us as your partner you can rest assured that all elements of your 401(k) plan will be selected with best of breed criteria and monitored closely to maximize the full potential of your company 401(k) plan.


For more information on Ancora's 401(k) solutions, please contact Peter Mooney, President, Retirement Plan Services, peter@ancora.net, 216-593-5095 or Bill Koenig, Director, Retirement Plan Services, bill@ancora.net, 216-593-5093.


About Ancora Retirement Plan Services

Founded in 2001, Source Companies, LLC became an Ancora subsidiary in 2008 in order to capitalize on the opportunities in the rapidly expanding 401(k) marketplace and has been rebranded Ancora Retirement Plan Services. Through Ancora's increased distribution capabilities, Ancora Retirement Plan Services has been able to leverage its deep retirement plan experience to become a fast growing retirement plan services company focused on open architecture 401(k) plans. Staffed with in-house sales, service and plan design specialists, Ancora Retirement Plan Services is uniquely positioned to offer a superior 401(k) experience to its clients. 

Ancora's Retirement Plan Services division provides retirement planning services and solutions through its subsidiary Safeguard Securities, Inc. Safeguard Securities, Inc. is dual registrant broker dealer, member FINRA/SIPC, and an SEC Registered Investment Advisor. A more detailed description of the company, its management and practices can be found by clicking here for its Firm Brochure, Form ADV Part 2A.