Wells Fargo & Company has announced that it has reached an agreement with Financial Engines to offer the latter’s suite of institutional retirement planning solutions to companies with 401(k) plans for which Wells Fargo is recordkeeper.

Read: 10 firms 401(k) sponsors consider when switching record keepers

The release date is expected around the middle of 2016, at which time retirement plan sponsors on the Wells Fargo recordkeeping platform will have the option to add the full suite of Financial Engines advisory services to their 401(k) plans. Those services include the following:

• professional account management, for participants who want to hand off or get help with managing their accounts

• personalized online savings and investment advice and retirement projections for participants with a hands-on approach

• Income+, a retirement income solution that provides a stream of income in retirement

• income planning and Social Security claiming guidance through Financial Engine’s Social Security Planner

Under the agreement, Financial Engines will serve as the advisor and plan fiduciary for the advisory services.