New model portfolio program offers plan sponsors and advisors the ability to create customized investment solutions to better meet their participants’ unique needs
MADISON, WI, May 26, 2021 /24-7PressRelease/ — Cuna Mutual Group today announced the launch of YourTarget™ Portfolios, a new model portfolio program offering plan sponsors and advisors the ability to build custom-designed plans through the company’s Total Retirement Solutions platform.
YourTarget Portfolios is an open architecture program that allows plans of all sizes to structure portfolios that are more personalized than traditional target-date funds. The program offers multi-manager, age and risk-based portfolios from an open architecture investment universe across both active and passive strategies to optimize plan design and more precisely serve the individual circumstances of plan participants.
“We believe that flexibility is crucial for retirement plan success, and with the thousands of portfolio construction possibilities available, YourTarget Portfolios gives plan sponsors and advisors the freedom to create that for the participants they know best,” said Paul Swanson, Vice President, Retirement, Cuna Mutual Group.
YourTarget Portfolios also offers innovative fiduciary protection and support through Envestnet Retirement Solutions (ERS), which features the option to delegate the role of custom portfolio design to a provided ERISA 3(38) fiduciary investment manager to develop, monitor and update portfolios on an ongoing basis. Program users can still choose to work with another 3(38) investment manager or manage their own portfolios as a 3(38) investment manager, as well.
“At the end of the day, we’re here to help do the heavy lifting when it comes to retirement solutions so that plan sponsors and advisors can not only build better retirement futures for their participants, but also focus on growing their businesses,” added Swanson.
About Cuna Mutual Group:
Cuna Mutual Group’s retirement solutions offer simple and practical programs that help hard-working Americans save for the future. For more than 60 years, it has been a leading provider of qualified and nonqualified retirement solutions delivering service excellence and customer-focused, best-in-class products. With over $20 billion in assets under administration and more than 6,000 retirement plans in place, the company is helping more than 300,000 hard-working Americans save for the future. Its products, tools and resources work together to help achieve better employee outcomes. More information is available at www.benefitsforyou.com and LinkedIn.
CUNA Mutual Group and Cuna Mutual Group are marketing names for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries, and affiliates. CPI Qualified Plan Consultants, Inc. and CMFG Life Insurance Company are subsidiaries of the CUNA Mutual Holding Company. Annuity insurance products are issued by CMFG Life Insurance Company, located in Madison, Wisconsin. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues.
Securities distributed by CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer, 2000 Heritage Way, Waverly, Iowa 50677, toll-free 866.512.6109. Non-deposit investment and insurance products are not federally insured, involve investment risk, may lose value, and are not obligations of or guaranteed by the financial institution. Representatives offer retirement and investment education but do not provide investment, legal or tax advice. Participants are encouraged to consult their financial professional.
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