JACKSONVILLE, Fla. - The National Pension Alliance added two more mutual fund families to the investment options available as part of the package it offers to third-party administrators.
Funds from the Managers Funds L.P., Norwalk, Conn., and Montgomery Asset Management L.P., San Francisco, bring the number of no-load mutual funds offered in NPA's alliance to more than 500 and fund families to 42.
NPA is a service bureau that provides daily valued, back-office record-keeping and administration services to more than 200 smaller, regional third-party administrators.
Services include daily trading across mutual fund families, voice-response systems, compliance consulting and employee communication and educational materials.
NPA is partially owned by Corbel, also based in Jacksonville, one of the country's largest pension software and plan document service providers.