On Demand Webinar
Red Flags with 401(k) Participant Managed Accounts
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Red Flags with 401(k) Participant Managed Accounts
As a fiduciary, you play a crucial role in helping your participants by providing a plan that successfully prepares them for retirement. Although there are many investment options available to participants, we believe there are several criticisms of participant managed account practices that fiduciary committees should not overlook.
In this webinar, Chris Thixton, QPA, QKC, delves into the crucial need for fiduciary committees to possess comprehensive knowledge regarding the offerings available to their plan participants. He highlights that, for most plan participants, managed accounts tend to mirror Target Date Funds but often come with increased fees and diminished returns. Given the financial incentives for sellers to promote managed account services, fiduciary committees face a pivotal task in thoroughly evaluating these offerings, as sellers may downplay their shortcomings.
TOPICS COVERED IN THIS WEBINAR:
#1
Managed account performance is not benchmarked. As a result, we are concerned that there lacks competitive pressure to perform well.
#2
Participant managed accounts are not as customized as sellers would make it out to seem.
#3
Participant managed account fees are expensive and add up over time.
Webinar Preview
Familiarize yourself with the concepts presented in the webinar by reading our resource, Top 3 Red Flags We See With 401(k) Participant Managed Accounts.
ABOUT THE PRESENTER
Chris Thixton, QPA, QKC, Principal, Pension Consultants, Inc.
Chris is a die-hard Kansas City Royals fan, enjoys good barbecue, and is an avid hiker. Some of his love for the great outdoors may have come from his direct ancestor, John Colter, the “Father of the Mountain Man” and member of the initial Lewis & Clark Expedition. For over two decades, he has been driven by his passion to advocate for improving the financial security of employees in the United States.
As a Principal with Pension Consultants, Inc., Chris has spoken at over 50 conferences and programs, addressing the reality that most people aren’t on track for retirement. He currently serves on the leadership council for the American Society of Pension Professionals & Actuaries which is one of five member organizations of the American Retirement Association based in Washington, DC.