FOR IMMEDIATE RELEASE

New addition to Association’s Fees Guide provides insights into the fiduciary aspects of incorporating a brokerage window into public sector DC retirement plans

Lexington, KY, August 28, 2024 —The National Association of Government Defined Contribution Administrators today announced the availability of “Self-Directed Brokerage in Retirement Plans: Fiduciary Considerations” for public sector DC retirement plans. NAGDCA is the premier professional association for plan administrators and services providers of government-sponsored defined contribution retirement plans.

“Incorporating a brokerage window into a DC retirement plan enables participants to access an enhanced array of investment options. While this addition isn’t new—brokerage windows have been included in retirement plans for decades—incorporating one isn’t without essential fiduciary considerations,” said Matt Petersen, NAGDCA Executive Director. “Although the decision to offer a brokerage window is a matter of plan design, if incorporated into the plan document, there are fiduciary obligations involved in selecting a brokerage window services provider.”

“Self Directed Brokerage in Retirement Plans: Fiduciary Considerations” provides insights into the fiduciary aspects of incorporating a brokerage window, including:

  • understanding the role of the brokerage services provider
  • assessing fees and compensation structures
  • implementing plan-specific investment parameters

The new guide may be accessed here.

The NAGDCA Fees Guide, which provides an overview of public sector retirement plan fee types and structures, may be accessed here.

ABOUT NAGDCA
NAGDCA provides education, information, and training in all aspects of public plan administration to support members in creating plans that enable secure retirement outcomes for their participants. Additionally, NAGDCA is a co-founder with the Employee Benefit Research Institute of the Public Retirement Research Lab, a retirement industry-sponsored collaborative effort. The PRRL mines data from the PRRL Database, the first-ever database specific to public sector plan- and participant-level defined contribution data, to produce research aimed at enhancing understanding of the design and utilization of public sector defined contribution retirement plans. NAGDCA also conceived National Retirement Security Week to encourage retirement saving among government workers. Through its efforts, National Retirement Security Week evolved into National Retirement Security Month, a national effort to inspire American employees to save adequately for a secure retirement that is observed throughout the retirement industry during the month of October. It has received bipartisan Senate resolution since its conception in 2006. To learn more about NAGDCA, visit https://www.nagdca.org/.

# # #

Media Contact
Robin Schoen
Robin Schoen Public Relations
215.595.7542
rschoen@robinschoenpr.com