MINNEAPOLIS--(BUSINESS WIRE)--Hueler Companies is pleased to announce the expansion of its Income Solutions® platform to include a new offering. The additional service is designed to meet the needs of plan sponsors whose defined contribution plans include a “Qualified Plan Distributed Annuity” (QPDA) as a normal form of distribution. Now, employers who have a defined contribution plan(s) with an annuity as a normal form of distribution, oftentimes referred to as a QJSA option, will be able to facilitate qualified annuity quotes and purchasing for participants covered under the plan.
“We are excited to deliver a long overdue solution to the many plan sponsors seeking a prudent process for meeting their fiduciary duties related to a QPDA option. This new QPDA program, offered in conjunction with the Income Solutions® rollover program, creates a comprehensive lifetime income platform for meeting the needs of both in plan and out of plan distribution options,” says Kelli Hueler, Founder and CEO of Hueler Income Solutions®, LLC.
Hueler’s new offering embodies the same prudent fundamentals that Hueler’s Income Solutions® lifetime income platform offers. Plan sponsors now have access to a universe of high quality insurers offering annuity quotes at low-cost through comparable competition with the goal of producing better outcomes for participants. The program is designed to provide participants with a simple, streamlined process to request and review quotes from multiple insurers based upon the annuity distribution options outlined by their employer sponsored plan.
About Hueler Companies, Inc.
Hueler Companies, Inc. and its affiliates (together, Hueler Companies) located in Minneapolis, Minnesota, was founded in 1987 as a consulting/data research firm. The firm is now recognized as a leading technology and research firm offering key resources for the analysis, selection and implementation of stable value and annuity products.
In 2004 Hueler launched the groundbreaking Income Solutions® platform, a web-based lifetime income annuity purchase system. The platform was designed to facilitate the creation of lifetime income for transitioning investors. Today, the Income Solutions® platform is widely adopted by employers and made available to individual investors through Hueler Companies' unique non-exclusive partnerships with leading financial service firms, 401(k) providers, and advisor networks.