SEI News
SEI Launches Suite of Target-Date Portfolios for Defined Contribution Plans
SEI has leveraged its success in building first-to-market defined benefit investment management solutions to create target-date portfolios that recognize participant retirement income needs as liabilities. The methodology in building the portfolios begins by considering the variables of returns, time and contributions to determine the probability that participants will meet their retirement income needs. SEI then uses goals-based strategies similar to those used by defined benefit plan sponsors to build a well-diversified mix of risk and return sources. The portfolio construction is unique as a result of SEI's Manager of Managers investment program which offers objective selection of multiple independent external managers across a broad range of investment strategies. As a result, participants invested in SEI's Target-Date Portfolios obtain access to top-tier institutional investment firms typically only available to large defined benefit plan sponsors.
"Many current target-date fund providers only use internal managers or products and plan sponsors are correct in questioning if that truly offers the level of diversification and objectivity that is needed to meet retirement goals," said
SEI's Target-Date Portfolios focus is on increasing the likelihood of participants meeting their retirement income replacement needs. The portfolios are aimed at higher returns in the earlier years and protecting accumulated capital in the later years, while continuously minimizing risks including shortfall, poor market performance, drawdown, longevity and inflation. SEI also provides plan sponsors with an additional layer of fiduciary protection as SEI acts as a fiduciary when it comes to portfolio construction and manager selection, monitoring and replacement.
About SEI's Institutional Group
SEI's Institutional Group delivers integrated retirement, healthcare and nonprofit solutions to over 500 clients in seven different countries. SEI enables clients to meet financial objectives, reduce business risk, and fulfill their due diligence requirements through implemented strategies for the management of defined benefit plans, defined contribution plans, endowments, foundations and board designated funds. For more information, visit http://www.seic.com/institutions.
About SEI
SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of
SEI's Target-Date Portfolios' are part of a collective investment trust for the collective investment of assets of participating tax-qualified pension and profit sharing plans and related trusts, and governmental plans, as more fully described in the Declaration of Trust .The Trust consists of separate collective investment portfolios as established from time to time in accordance with the Declaration of Trust. SEI Trust Company, a wholly owned subsidiary of SEI, maintains and manages the Trust and the collective investment portfolios within the Trust and serves as the trustee. SEI Investments Management Corporation, ("SIMC") an affiliate of SEI Trust Company, has been retained by SEI Trust Company as the investment advisor to the Trust.
SEI Trust Company is a trust company organized under the laws of the Commonwealth of
Contact: Frank Wilkinson Elisabeth Behr SEI Braithwaite Communications 610-676-1483 215-564-3200 x 113 fwilkinson@seic.com ebehr@braithwaitepr.com
SOURCE SEI
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