Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 15th, 2015
Benefits & Administration
Using Recordkeeper Proprietary TDFs Not a Given
Retirement plan recordkeepers can no longer count on selling their target-date funds (TDFs) to the plans they serve. Market Strategies International’s Cogent Report, “Retirement Plan Adviser Trends,” finds that almost half of the advisers who sell defined contribution (DC) plans now go shopping for clients’ TDFs, netting them the best fund for the best price—and often from a competitor.Read more >
Schwab Retirement Plan Services, Inc. has introduced a new managed account program for 401(k) plans. Steve Anderson, executive vice president and head of Schwab Retirement Plan Services, tells PLANSPONSOR the Advisor Managed Account program leverages Morningstar managed account technology to build a series of customized investment portfolios for retirement plans with $20 million or more in assets and a dedicated retirement specialist adviser. “Access to 401(k) advice is vitally important and adviser managed accounts can help more people receive that advice within their plan,” he says.Read more >