These blend funds combine PIMCO actively managed bonds funds and passively managed index funds from Vanguard. Under this arrangement, Nexus338 is responsible for monitoring the asset allocation methodology, the performance of the CITs and participant portfolios. Nexus338 also selected iJoin, the fintech that connects iGPS on recordkeeping platforms and delivers the user experience (UX) to participants.
Personalization is now affordable and available to all participants. It can be thought of as TDF 2.0. It combines the responsive features of a managed account but the simplicity and low cost of a TDF. When participants default their contributions, it is typically a “set it and forget it” investment. Personalization is that much more critical for this group of participants since they are the least engaged, and managing their assets based on their own data would truly be serving in their “sole” interests.