| | 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 > | | | Products | | 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 > |
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