Products September 18, 2009
JPMorgan Target-Date Funds Clip Expense Caps
September 18, 2009 (PLANSPONSOR.com) - In a move the
firm says will "better position investors to realize their
retirement savings goals", the JPMorgan SmartRetirement Fund
expense caps have been lowered.
Reported by Nevin E. Adams
According to a press release, the expense caps have been lowered by 15 basis points (bps) across R2 and A shares, effective 9/1/2009 for all funds, Income through 2050.
The firm notes that the target date fund complex also recently reached its 3 year track record milestone (see JPMorgan Offers Six Target Date Funds ).
You Might Also Like:
Plan Sponsors Should Be Intentional When Adding Managed Accounts
Standard benchmarking may not yet cover such offerings, but plan sponsors can monitor participant satisfaction, plans’ stated objectives.
DCIIA Provides QDIA Selection Advice to Plan Sponsors
Plan sponsors should consider their participants’ retirement income needs, ease of use, personalization and cost when evaluating qualified default investment...
How Plan Sponsors Make Sure Their QDIA Is Still the Best Option
Large plan sponsors explain what they look for in quarterly reviews of their plans' qualified default investment alternatives.
« Davidson Investment Advisors Expands Business Development Team