Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Retirement Planning > Retirement Investing

Guardian Plans Add CIF Option

By staff Writer

X
Your article was successfully shared with the contacts you provided.

A retirement services vendor will be offering employers a collective investment fund program.

Guardian Insurance & Annuity Company Inc., a subsidiary of Guardian Life Insurance Company of America, New York, says it will add the CIF feature to a package of managed account services already provided by Stadion Management Inc., Watkinsville, Ga.

Stadion handles managed account services for retirement plan participants who use the Guardian Choice and Guardian Advantage group retirement products.

The Stadion CIF managers will invest the fund assets in exchange-traded funds, cash and cash equivalents, Guardian says.

Stadion will use the CIFs exclusively in the plan participant accounts.

Plan sponsors and plan participants cannot invest directly in the CIFs, Guardian says.

The CIF program should be less expensive than comparable programs, and trading efficiencies will help the Stadion CIF money managers respond more quickly to changing market conditions, Guardian says.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.