The three mutual funds – Large Cap, Small Cap, and Total Return – are sub-advised by Flexible Plan, offered by Potomac Funds and custodied at U.S. Bank, N.A., according to the announcement. All three apply Flexible Plan’s asset allocation approach to portfolios made up of stock baskets, closed-end funds, ADRs and Exchange Traded Funds (ETFs).
Previously, this style of management was only available to Flexible Plan clients using third-party mutual funds or variable annuity sub-accounts, the announcement said. The availability of these funds, along with the previously introduced Evolution All-Cap Equity and Evolution Managed Bond Funds, lowers fees for plan participants, frees Flexible Plan’s active management approach from trading restrictions, and makes more economical trading vehicles available.
Flexible Plan also makes default management available to aid plan sponsors in further reducing fiduciary liability and to better serve plan participants.
More information can be found at www.flexibleplan.com .