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As mandated by recent changes under the Pension Protection Act of 2006, plan sponsors and fiduciaries must provide tools to help participants achieve long-term retirement success. Our Participant Success Initiative provides solutios to make it easier for participants to save for their future. These solutions are included when we act as a 3(38) fiducaiy - giving plan sponsors relief from investment decisions associated with participant-directed retirement plans.
Our Participant Success Initiatives provide model portfolios, auto-rebalancing, and auto-enrollment features.
We provide qualified default investment alternatives that meet regulatory requirements by iusing model portfolios. View more information about our Model Portfolios.
To ensure the allocation remains close to the allocation targets, we automatically rebalance our model portfolios on a scheduled basis.
Automatic enrollment is designed to increase participation in the plan, with two key advantages: employees are able to save more for retirement, and it is easier for the plan to pass various compliance tests (ADP and ACP).
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