In today’s defined contribution (DC) plan marketplace, we are seeing significant increased use of managed accounts as an engine for investment advice and implementation. As these products gain prominence in many DC plans, a detailed framework is necessary to examine all pertinent aspects of the program and the potential impact on participant outcomes.

This guide discusses:

  • Mechanics of a managed account.
  • Three-step process for understanding how participants’ portfolios are constructed and individualized, managed and monitored.
  • How plan sponsors can benchmark the success of a managed account program, including an analysis of the fees paid by participants and whether those fees are currently reasonable.

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