News |Press Releases |RPG Adds Mid Atlantic Trust Co. to List of Approved Custodians, 7/13/09

RPG Consultants Adds Mid Atlantic Trust Co. to List of Approved Custodians
RPG401K Expands Retirement Plan Solution Using ETF's

New York, NY 7/13/09

New York based RPG Consultants announces the addition of Counsel Trust Company, dba Mid Atlantic Trust Company as a new custodian on their RPG401k platform. This program overcomes existing obstacles to holding ETFs in all types of defined contribution plans, such as 401(k)s, 403(b)s, 457(b)s and profit sharing plans.

MATC and RPG individually service thousands of plans as custodian and recordkeeper, respectively. The RPG401k system will integrate with MATC's ETFxChange product to provide retirement plans with true open-architecture; allowing for an array of ETF and mutual fund investment choices. This will offer significant cost savings to plan sponsors and participants.

The transparency and low cost structure of ETF investments offer an alternative to retirement plan platforms that limit participants to traditional investments.

RPG's advanced recordkeeping and administrative capabilities provide a complete retirement plan solution to financial advisors and plan sponsors giving them access to hundreds of ETFs and thousands of mutual fund choices.

"We believe employees who are in 401(k) plans should also be given cost effective and easily understood investments from the widest range of choices that their financial advisors can provide and that employers have the same cost effectiveness in a seamless operational and administrative platform," said Alvin Rapp, RPG Consultants' Founding Partner. "We encourage advisors to take advantage of the features that our platform provides, including the capability of our record keeping system to allow the advisor to develop asset allocations and other managed models using cost effective ETFs."

The RPG 401(k) solution allows plan providers to incorporate lower-cost, transparent, and highly liquid ETFs into retirement plans. By working with financial institutions, such as MATC, to eliminate direct trading fees and commissions typically associated with retail ETF purchases, RPG devised a fully-automated daily valuation internet-driven administrative and recordkeeping program that results in lower overall plan fees to both the employer and participants.

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