At the discretion of the plan advisor and plan sponsor, iJoin MAP is implemented as the plan’s Qualified Default Investment Alternative (QDIA), providing ERISA 3(38) fiduciary protection to both the plan and participants.
Managed account programs serve an important audience: hard working people who don’t have the time or knowledge to confidently select and manage their investments. As a qualified default investment alternative (QDIA) in retirement plans, a professionally managed account program offers a “do it for me” approach for long-term investing. And for many people, this can be a great choice.
How much to save is the most important question people have and it’s precisely where we start. iJoin MAP produces a personalized retirement funding goal for every person based on their age, savings, income and dozens of additional data points. That aligns an investment recommendation to fund their goal. And we report periodically on how well they’re doing towards their goal and suggest ways to close the gap.
iJoin MAP leverages liability driven investment (LDI) principles to determine the need and align investments to meet that need. LDI methodology has been used for decades to determine adequate funding of defined benefit plans. We're making the power of LDI available to individual plan participants in an automated, yet personalized way.
How much money will I need to save for retirement?
How much do I need to contribute?
Am I saving enough?
What if I work longer or contribute more?