401(k) Fridays Podcast

Managed accounts have been around for a while in workplace retirement plans. However, according to my guest Jason Roberts, the founder and chief executive officer of the Pension Resource Institute, a consulting firm that delivers compliance, training and technology-based solutions to financial institutions and plan fiduciaries, we are on the verge of major transition to managed accounts 2.0 which will have benefits and implications for retirement plans, employers and plan participants. We logically start with what a managed account is, some general pros and cons, how they differ from target date funds and more. Then we delve into the what managed accounts 2.0 will look like, how this could lead to high utilization as default funds in retirement plans, benefit participants and the fiduciary implications for employers. Jason, who is also the founder and managing partner of Retirement Law Group, a law firm specializing in ERISA, tax and investment related matters shares thoughts on how to monitor managed account