Morningstar, a provider of independent investment research, announced it is launching Morningstar Plan Advantage, slated for full release early next year.
The platform is intended to offer
fund lineups designed and managed by Morningstar Investment Management.
“With Morningstar Plan Advantage, companies can implement and monitor a plan for their
participants on one user-friendly digital platform,” the company explains. “Consisting of recordkeeper selection, fund lineup and investment
management, Morningstar Plan Advantage represents a complete package for plans and the
participants they serve.”
Plan sponsors can register on
the Morningstar Plan Advantage site, submit a demographic profile of their
participants, and choose one of three category-level lineups broken down into
core, standard and expanded. Plan sponsors can then view real-time pricing
across different recordkeepers before choosing one.
After a plan goes live with its selection, it will receive a
fund-level lineup managed by Morningstar. The company also says plan sponsors
will have ongoing access to detailed reports, alerts and lineup changes.
The company adds, “Thoughtfully
constructed, Morningstar Investment Management’s fund lineups vary based on
participant demographics, investment experience, and the needs of a particular
workforce. This coincides with the investment philosophy of building lineups
that help make it easy for participants to create a diversified portfolio.”
More information about the Morningstar
Plan Advantage can be found online here.