East Windsor, CT – September 13, 2022 - The Retirement Advisor Council announces publication of its VIEWPOINT: “Time to take a closer look at managed accounts.”

The guide posted HERE helps Defined Contribution plan sponsors gauge

  • Why they would benefit from a committee discussion of in-plan managed accounts,
  • Benefits and drawbacks for their circumstances,
  • Factors to consider in the decision.

Managed accounts are professionally managed and personalized portfolios that address the needs, preferences, risk tolerance, and situation of an individual DC plan participant. Managed accounts are a relatively new offering for retirement plans, mostly adopted within the past decade. Managed accounts have continually evolved over time. The lack of a track record has until now been a hurdle blocking wider usage and appreciation. However, significant changes in recent years mean the topic warrants review:

  • Costs are trending lower,
  • Improvements in technology and data collection lead to better access to participant information,
  • Plan sponsors are placing greater emphasis on more holistic personal financial well-being of employees,
  • Managed account solutions are more widely available from numerous providers, leading to greater competition, improved affordability, and acceptance.

To qualify for fiduciary protection, the onus is on plan sponsors to prudently select and monitor providers and to document the results through committee minutes or other official records.  The guide lists seven critical questions to answer in the evaluation.

About The Retirement Advisor Council

Formed in 2009, the Retirement Advisor Council is a national organization that advocates for successful qualified plan and participant retirement outcomes through the collaborative efforts of experienced, qualified retirement plan advisors, investment managers and defined contribution plan service providers.  To advance its mission, the Council undertakes initiatives in the areas of research, public relations and promotion, general public education, regulatory positions, and practice management.  The Council accomplishes this mission by:

  • Identifying duties, responsibilities, and attributes of the Professional Retirement Plan Advisor.
  • Sharing professional standards with plan sponsors who are responsible for the success of their plans.
  • Providing collective thought capital to decision makers, product providers, legislators, and the public.
  • Giving voice to the retirement plan advisor community
  • Offering tools to evaluate advisors to ensure the quality of services provided.

Learn more about the Retirement Advisor Council at www.retirementadavisor.us

The Retirement Advisor Council is a d.b.a. of EACH Enterprise, LLC.

EACH Enterprise, LLC is a single-member LLC owned by Eric A. C. Henon.   Learn more at www.retirementadvisor.us

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The Retirement Advisor Council is a d.b.a. of EACH Enterprise, LLC.
EACH Enterprise, LLC is a single-member LLC owned by Eric A. C. Henon, President
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