Updated with correction
HUB Retirement and Private Wealth is offering a bundled 401(k) plan for small businesses.
The division of insurer Hub International Ltd. launched HUB Retirement Select earlier in March, Adam Sokolic, chief operating officer, said in an email.
She said that HUB has partners with "a handful of leading record keepers and a (third-party administrator)" to deliver the new plan. She did not name the other firms.
GRP Financial, another division of Hub International, acts as the 3(38) investment manager, she said.
Interested employers can find more information on HUB's website.
HUB Retirement and Private Wealth "provides investment advisory services on more than $93 billion in assets through its SEC-registered RIAs," Mr. Sokolic said.
