Rothschild Investment Corporation’s “401k University Series” Welcomes Fred Reish, Nationally Renowned Employee Benefits Author and Attorney
Chicago, September 26, 2008 — 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 will be Fred Reish, an award-winning author and attorney specializing in employee benefits. Details of the event are:
“A New Target Date Evaluation Framework to Help Plan Fiduciaries —
An Expert Legal Analysis”
|Date||October 6, 2008|
|Time||1:10 pm CST (lunch will be served)|
|Place||Union League Club, 65 West Jackson Boulevard, Chicago (view map)|
|RSVP||Erik Kolkey, (312) 983-8915, email@example.com|
|Speaker||Fred Reish has received a number of awards for his contribution to benefits education, communication, and service, including recognition by 401kWire as the 401(k) Industry’s Most Influential Person for 2007, the IRS Director’s Award and the IRS Commissioner’s Award for his contributions to employee benefits education, a 2006 Lifetime Achievement Award from Plan Sponsor Magazine, and recognition as one of “The Best Lawyers in America” and as a “Super Lawyer” in Southern California.|
About Rothschild Investment Corporation
Since 1908, Rothschild Investment Corporation has provided investment services to generations of Chicago’s 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.
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Media Contact: Dave Carlson, (312) 346-2006, firstname.lastname@example.org