Managed Account Services: What Advisers Need to Know

Benefits and executive compensation partner Fred Reish and counsel Joan Neri coauthored a PLANADVISER article on managed account services that a plan sponsor designates as an available investment service for participants.

Reish and Neri outline key points advisers should keep in mind, including considerations regarding the Employee Retirement Income Security Act (ERISA), principal service offered, plan design, qualified default investment alternative status, disclosures and prohibited transaction rules.

The authors conclude that managed account solutions provide advisers with an opportunity to help participants improve investment outcomes and promote retirement readiness.

The full article is available for PLANADVISER subscribers.