The Target Date ETF 401(k) Solution
The Target Date ETF 401(k) Solution offers the RetireFocus(funds)*, a family of eight target date funds designed for qualified retirement plans, which combine the expertise of two Matrix Financial Solutions affiliates - MG Trust® and Prima Capital.
The RetireFocus(funds) are managed by MG Trust® and powered by the leading research and due diligence of Prima Capital. They are an exciting new alternative for retirement investments based on research, portfolio modeling techniques and participant requirements. The RetireFocus(funds) were designed to meet the standards of a “qualified default investment alternative” (QDIA) as defined by the U.S. Department of Labor and provide a solid foundation for retirement.
In addition to the eight target date funds, the plan's menu of investments includes mutual funds and five ETF portfolios. There are no “hidden costs” – all costs and fees are fully transparent. Because of this, all plan participants know exactly where their money is going and how it is working for them.
The Target Date ETF 401(k) Solution provides an investment policy statement and an investment management fiduciary to oversee fund selection and defend its decisions.** Record keeping and administration services are also provided.
The Target Date ETF 401(k) Solution offers on-site enrollment meetings, on-site educational investment seminars, individually managed ETF portfolios, and disclosure of all fees.
Granite Retirement Services, LLC, has designed The Target Date ETF 401(k) Solution to be a low cost efficient alternative to compete with variable annuity 401(k) plans from insurance companies and “bundled” 401(k) plans from mutual fund companies.
*Key benefits of RetireFocus(funds) include:
- 100% open architecture platform, with no conflicts of interest in manager selection or portfolio structure; funds selected from a universe of more than 18,000
- Deep research and transparent advice delivered through cutting-edge technology to allow the third-party administrator (TPA), retirement advisor or broker to better serve the needs of the plan sponsor
- Ongoing monitoring of managers, which ensures best practices management, plus regular portfolio rebalancing
- Fully disclosed fees
- High-level research and due diligence expertise that are typically exclusive to major banks and financial institutions
** Prima Capital acts as co-fiduciary.
An investment in Exchange Traded Funds is subject to risk. The value of an investment and the return on invested capital will fluctuate over time, and, when sold or redeemed, an investment may be worth less than its original cost. ETFs will fluctuate with changes in market conditions and may not be suitable for all investors. In many cases ETFs have lower expense ratios than comparable index funds. However, since ETFs trade like stocks, they may be subject to brokerage fees and trading spreads. ETFs do not necessarily trade at the net asset values of their underlying holdings, meaning an ETF could potentially trade above or below the value of the underlying portfolio.