Custom Target Date Funds

Challenge:

BPG was retained by a Wisconsin-based Client to create a more efficient investment portfolio using the core funds from the Plan’s lineup and the AllianceBernstein custom target date platform, in conjunction with the 401(k) recordkeeper.

Results:

1.  BPG saved the Client $211,275 in total net savings.

Background:

BPG created and maintained custom target date portfolios for the Client since 2007. The unitized separate accounts were recordkept by the 401(k) recordkeeper and the 5 different “sleeves” showed good risk-adjusted performance based on Blue Prairie Group’s due diligence. The Client accepted the recommendation to move the custom target date funds to the AllianceBernstein platform to allow for greater investment flexibility, lower institutional pricing, a reduction in their fiduciary risk profile, and the ability for them to change 401(k) recordkeepers without disrupting the custom target date funds.