Each month NAGDCA highlights a new topic and shares relevant information and resources with our members. This month we’re highlighting the topic of Investment Menu Design and below you’ll find links to resources and information related to the topic. Keep an eye out for additional resources in our e-newsletter, NAGDCA Now. We’ll also add the resources to this post throughout the month to allow you to access the curated list from the website at your convenience.
NAGDCA Best Practice Guide – Investment Menu Design
Click here to access the full Plan Design guide.
State of North Carolina
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.
Click here to read the member spotlight.