Search
 

Guardian Advisor

Managed accounts may have been around for years, But they are apt to get a lot more attention now that they have been approved as an acceptable qualified default option for automatic enrollment

By Beth Karlin | Updated on April 01, 2008

For many employees, it’s easier and less painful to choose a cell phone provider than to navigate the often mystifying plethora of 401(k) investment options. Once participants do lock in an investment strategy, only 14% play an active role in managing their funds. “There has been a high level of inertia,” says Michael Doshier, vice president of marketing for retirement at Fidelity Investments.

Now, for those who lack the confidence or time to manage their accounts, 401(k) providers, such as Fidelity, Vanguard, Mercer and JPMorgan, will do the heavy lifting. Although the option has been available for years, plan sponsors only recently took notice after the Labor Department approved such managed accounts as a qualified default investment alternative for automatic enrollment. The other two options: balanced and target date funds.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.