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Plan design changes are a fact of life. Yet launching an enhanced investment lineup in tandem with revamping and expanding a custom asset allocation program while enhancing its glidepath—that ultimately impacted the majority of our 260K+ participant accounts—was a substantial undertaking. This resulted in close to one million small account-level transactions, completed in a series of overnight sweeps, followed by extensive testing and financial audits. In the end, NC 401(k) and NC 457 Plan participants saved $4.1 million in reduced investment management fees, the North Carolina Department of State Treasurer increased its plans’ asset allocation models by 125 percent, and all asset allocation program participants experienced the new glidepath to and through retirement.

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  • August 7, 2019 Create Date
  • January 8, 2020 Last Updated
State of North Carolina - GoalMaker 2.0 Implementation & Investment Changes