PLANSPONSOR - August/September 2018 - 43
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2018 MANAGED ACCOUNT BUYER'S GUIDE
CUSTOM
FIT
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Art by Claire Merchlinsky
With managed accounts, the more
participant input, the better the
allocation strategy
hat is a managed account? The term has taken on multiple meanings depending
on the context and provider, which can lead to confusion for plan sponsors trying
to evaluate available solutions. " In general, any product that allocates participants
to some collection of investments using a multi-factor risk assessment likely achieves some
of the core benefits of managed accounts, " says Brian O'Keefe, director, research and surveys,
at PLANSPONSOR. The term has evolved to not just cover an individualized account
run by a third-party manager, but also some sort of asset allocation overlay on top of plan
funds-often also referred to as a model portfolio.
The PLANSPONSOR Managed Account Buyer's Guide, which was last published in
2015, uses a narrow definition of " managed account, " concentrating on providers of the
technology-driven products that run on participant-level accounts. These three points carve
out our definition:
1) Managed accounts offer asset allocation, and other ancillary services, at the participant
account level. From our perspective, investment vehicles whereby a third party manages
a pool of assets at the plan level, which participants can then invest in as they would in a
mutual fund, are not managed accounts in this context.
2) Managed accounts should be acceptable as a qualified default investment alternative
(QDIA) per Department of Labor (DOL) guidelines. If the product or solution is not an eligible
QDIA, we are not considering it a managed account. Some solutions have been specifically
designed for non-Employee Retirement Income Security Act (ERISA) 403(b) plans, but, for
most defined contribution (DC) plan sponsors that see managed accounts as a way to mitigate
some fiduciary responsibility for participant assets, the QDIA distinction is important.
PLANSPONSOR.com August-September 2018 43
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PLANSPONSOR - August/September 2018
Table of Contents for the Digital Edition of PLANSPONSOR - August/September 2018
Getting Them Back on Track
2018 PLANSPONSOR National Conference
2018 Participant Survey
2018 Managed Account Buyer's Guide
Fund Change
New Interest in LDI Programs
Another Way to Save
PLANSPONSOR - August/September 2018 - C1
PLANSPONSOR - August/September 2018 - FC1
PLANSPONSOR - August/September 2018 - FC2
PLANSPONSOR - August/September 2018 - C2
PLANSPONSOR - August/September 2018 - 1
PLANSPONSOR - August/September 2018 - 2
PLANSPONSOR - August/September 2018 - 3
PLANSPONSOR - August/September 2018 - 4
PLANSPONSOR - August/September 2018 - 5
PLANSPONSOR - August/September 2018 - 6
PLANSPONSOR - August/September 2018 - 7
PLANSPONSOR - August/September 2018 - 8
PLANSPONSOR - August/September 2018 - 9
PLANSPONSOR - August/September 2018 - 10
PLANSPONSOR - August/September 2018 - 11
PLANSPONSOR - August/September 2018 - 12
PLANSPONSOR - August/September 2018 - 13
PLANSPONSOR - August/September 2018 - 14
PLANSPONSOR - August/September 2018 - 15
PLANSPONSOR - August/September 2018 - 16
PLANSPONSOR - August/September 2018 - 17
PLANSPONSOR - August/September 2018 - 18
PLANSPONSOR - August/September 2018 - 19
PLANSPONSOR - August/September 2018 - 20
PLANSPONSOR - August/September 2018 - 21
PLANSPONSOR - August/September 2018 - Getting Them Back on Track
PLANSPONSOR - August/September 2018 - 23
PLANSPONSOR - August/September 2018 - 24
PLANSPONSOR - August/September 2018 - 25
PLANSPONSOR - August/September 2018 - 26
PLANSPONSOR - August/September 2018 - 27
PLANSPONSOR - August/September 2018 - 2018 PLANSPONSOR National Conference
PLANSPONSOR - August/September 2018 - 29
PLANSPONSOR - August/September 2018 - 30
PLANSPONSOR - August/September 2018 - 31
PLANSPONSOR - August/September 2018 - 32
PLANSPONSOR - August/September 2018 - 33
PLANSPONSOR - August/September 2018 - 34
PLANSPONSOR - August/September 2018 - 35
PLANSPONSOR - August/September 2018 - 36
PLANSPONSOR - August/September 2018 - 37
PLANSPONSOR - August/September 2018 - 2018 Participant Survey
PLANSPONSOR - August/September 2018 - 39
PLANSPONSOR - August/September 2018 - 40
PLANSPONSOR - August/September 2018 - 41
PLANSPONSOR - August/September 2018 - 2018 Managed Account Buyer's Guide
PLANSPONSOR - August/September 2018 - 43
PLANSPONSOR - August/September 2018 - 44
PLANSPONSOR - August/September 2018 - 45
PLANSPONSOR - August/September 2018 - 46
PLANSPONSOR - August/September 2018 - 47
PLANSPONSOR - August/September 2018 - Fund Change
PLANSPONSOR - August/September 2018 - 49
PLANSPONSOR - August/September 2018 - New Interest in LDI Programs
PLANSPONSOR - August/September 2018 - 51
PLANSPONSOR - August/September 2018 - Another Way to Save
PLANSPONSOR - August/September 2018 - 53
PLANSPONSOR - August/September 2018 - 54
PLANSPONSOR - August/September 2018 - 55
PLANSPONSOR - August/September 2018 - 56
PLANSPONSOR - August/September 2018 - C3
PLANSPONSOR - August/September 2018 - C4
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