This guide is meant to serve as a resource for plan sponsors who are considering the adoption of a managed account (“MA”) solution in their retirement plan. MAs are gaining popularity in the defined contribution retirement plan space, both in terms of utilization, and product offerings. Given the complexity of MAs, and the various implications that their adoption can have on participant retirement outcomes, we’ve published this guide to help plan sponsors navigate the process around analyzing MAs and deciding whether or not they might be an appropriate solution for their plan. Read the Managed Accounts Buyer's Guide
This paper is written specifically for ERISA fiduciary advisors and is intended to give a basic overview of different types of stable value products, how to evaluate their key features and what to look out for so a fiduciary advisor can feel confident making specific, due diligent recommendations about stable value products to their clients.
The best way for a plan sponsor to benchmark the reasonableness of their advisory fees is to issue a Request for Proposal (RFP). As a quick check, we’ve developed the following grid to help plan sponsors with some quick guidelines on advisory fee data gleaned from over 1,000 plans of similar size.
ERISA plan fiduciaries are obligated under ERISA to ensure that the total amount of compensation paid to a service provider is reasonable and not excessive.
BPG has developed a comprehensive selection and monitoring due diligence process to assist plan sponsors in evaluating target date funds for the ultimate benefit of their participants.