Sponsors looking for more transparency and lower fees in retirement plan investment offerings have just been offered another choice, as J.P. Morgan Asset Management announced that it will now offer R6 share classes of the J.P. Morgan SmartRetirement Mutual Fund series of target date funds, which carry a Morningstar silver rating.
R6 shares, which provide lower fees for shares sold through defined contribution plans, are not available to retail investors, but are becoming more widely available. The demand for lower fees appears to be driving fund companies to add the share class to their DC offerings. Neuberger Berman, Franklin Templeton and MainStay Investments are just a few of the companies that chose to add R6 shares to retirement plan offerings in 2013.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
