SOURCE: 401(k) Advisors

March 13, 2008 14:24 ET

401(k) Advisors Appoints New Managing Director for Arizona

One of Largest Independent Retirement Plan Firms Expands Market Impact

ALISO VIEJO, CA--(Marketwire - March 13, 2008) - 401(k)Advisors, one of the largest, independent retirement plan consulting firms in America, with $32 billion in collective assets under advisement through its Producer Services Unit, announces the appointment of John L. Scott to the newly created position of Managing Director for Arizona.

Arizona is one of the 'hottest' business markets in the country due, in part, to favorable tax structures and lower infrastructure costs. According to the Arizona Department of Economic Security, overall employment is up 4.6 percent; population grew 23 percent (2000-2006); and the state is third in GDP growth and fifth in personal income growth for the U.S.

Scott is a well-known expert in the field of retirement planning. He has distinguished himself as an Accredited Investment Fiduciary™ (one of only 2,000 in the U.S.) through the Center for Fiduciary Studies; PlanSponsor Retirement Professional(SM), (one of only 340 in the U.S.) through the PlanSponsor Institute(SM); he also holds numerous certifications and licenses.

Scott specializes in sponsor/participant advocacy for small, mid-size and large clients in the design of 401(k) plans. In his role as a fiduciary, Scott and the 401(k) Advisors team maximize retirement plan outcomes for employers and employees with substantive strategies in plan design, investment research analysis and provider fee benchmarking.

"John Scott is ideally suited to lead our growth initiative in Arizona, an important market on many levels. He has developed significant business presence in Arizona, cultivated quality relationships with plan sponsors statewide and, along with his team, brings a fresh perspective to our vision for the future," says Nick Della Vedova, president of 401(k) Advisors.

401(k) Advisors, headquartered in Southern California, maintains offices in the southeast, midwest and northeast to serve its institutional and private 401 (k) plan sponsors. Since its founding in 2000, the firm has helped to set new standards for 401(k) plan design through the focused leadership of experts in retirement plan consulting, ERISA law and compliance, investment research, employee education, and fee benchmarking. For more information, log onto to www.401kadvisors.com.

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