We have assembled the mix of providers and structure for our model 401K. I call this a template because it represents a model for what a 401K can and should be:
- Custodian: We have engaged independent custodian (Benefit Trust Company, $170+ billion in plan assets) who allows us all the types of investments we want:
- mutual funds with the lowest institutional pricing and fees
- collective investment trusts (CITs) that provide the best target date and “QDIA” solutions
- ability to add our managed portfolios so they behave like daily valued mutual funds!!!
- Collective Investment Trusts (CITs) through Stadion Money Management, trusteed and custodied through BT
- Managed Portfolios acting like mutual funds: our AMP portfolio, Performance Trust Investment Advisors and Karpus Investment Management
- Certain superior mutual fund solutions (institutional classes)