The Guided Pathways program is meant to help the more than 575,000 eligible participants in ICMA-RC’s retirement plans choose the level of education and advisory services they require, according to a news release on the product.
“Guided Pathways is designed to meet the distinct investment needs, preferences and comfort level of the individual investor,” said Joan McCallen, president and chief executive officer of ICMA-RC, in the news release.
Ibbotson Associates will serve as the independent advisor for the offerings.
The ICMA-RC plan will begin a retirement savings plan that provides participants with a wealth forecast developed from their individual information. Employees will also receive a recommendation as to how much they should be saving in order to reach their retirement goal.
Other offerings include:
- An asset allocation recommendation from which the investor can build a mix of stocks, bonds and cash or stable value funds from the options available.
- A fund specific investment portfolio recommendation .
- Managed retirement accounts
Participants can access Guided Pathways by phone, Internet, or by in-person consultation.