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Illinois Secure Choice: Investment Options are Lacking

Illinois Secure Choice: Investment Options are Lacking

| August 15, 2019
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The Illinois Secure Choice program offers four types of investment options: One money market fund, one bond index fund, one stock index fund, and one target date series. Is an investment lineup of only four options really the best way for employees to save for their retirement? A 2016 joint study by BrightScope Inc. and the Investment Company Institute found the average 401(k) plan has an average of 21 funds. 

Associated Pension Services, Inc. believes a broader investment lineup is necessary to cover each participant’s individual investment needs. Our investment lineups for 401(k) plans include many different fund options, covering a full spectrum of active and passive investing, including US and international bonds, US and international equities, specialty sectors, balanced funds, and target/risk based funds. This allows all participants to craft a portfolio that is right for them, from conservative to aggressive, rather than being forced into a “one-size-fits-all” investment.

Are your employees really receiving the best investment options for their retirement? Do you have questions on the investments? Do your employees have an advisor to assist them in their investment decisions? The Illinois Secure Choice employee assistance call center won’t help with the investment selection and chances are the employee will turn to you. Who will you turn to?

Questions?

If you have any questions, need additional information, or would like to talk about other retirement plan options, please do not hesitate to contact Associated Pension Services, Inc. We have been involved in the retirement plan administration business for over 30 years, helping small business owners and HR managers like yourself navigate, establish, and implement retirement solutions. You don't need to go at this alone. 

Frederic (Eric) Hoffman, IV, AIF®, CPFA, APR, RICP®
(847) 400-7882
ehoffman@associatedpensionservices.com

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