Charles Schwab Retirement Plan Services hired seven managers to run five new institutional commingled trust funds — large-cap value, large-cap growth, small-cap, international equity and fixed-income — which will be managed, in some cases jointly, by Dodge & Cox; Goldman Sachs; Sirach Capital; Rice Hall James; Loomis, Sayles; INVESCO; and Bank of Ireland Asset Management. The funds will be offered in Schwab’s bundled 401(k) plan program and alliance programs and will use tiered operating expenses that decline as plan assets increase. Callan Associates also was hired to help plan sponsors in fund selection; it will do ongoing performance monitoring.
Charles Schwab Retirement Plan Services hired seven managers to run...
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