Business Services Industry

Rothschild Investment Corporation's "401k University Series" Welcomes Fred Reish, Nationally Renowned Employee Benefits Author and Attorney

Business Wire, Sept 29, 2008

CHICAGO -- In December 2007, the Department of Labor established new rules that approved target date funds as a qualified default investment alternative in retirement plans. Since then, target date funds, which offer automatic portfolio rebalancing as participants progress toward retirement, have increasingly replaced historically low-yielding money market funds as default investment options.

Unfortunately, few plan sponsors have been given the guidance that they need to ensure that they are meeting their fiduciary obligations when selecting target date funds. Specifically, these funds may differ in various critical ways, including track record, management stability, asset allocation procedures, expenses and the characteristics of funds in the larger portfolio.

Given these complexities, Rothschild Investment Corporation is hosting a luncheon on October 6 that seeks to educate Chicago-area plan sponsors on how to select target date funds in a responsible manner.

Leading the discussion with be Fred Reish, an award-winning author and attorney specializing in employee benefits. Details of the event are:

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About Rothschild Investment Corporation

Since 1908, Rothschild Investment Corporation has provided investment services to generations of entrepreneurs, professionals, families, retirement plans, endowments and foundations. Independent for each of its 100 years, Rothschild tailors investment solutions to the unique needs of each client, avoiding conflicts of interest associated with proprietary products, securities inventorying, market-making and investment banking relationships. Rothschild has approximately $2 billion under management and supervision.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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