In addition to the inflation-sensitive assets option and multimarket risk-parity option added to United Technologies Corp.'s investment lineup, here's a look at the rest of the menu for the companies' two 401(k) plans.
A lifetime income option, which offers an insured withdrawal benefit using a custom target-date portfolio as the investment vehicle. AllianceBernstein is the co-fiduciary. State Street Global Advisors manages the indexed portfolios used in the underlying investments. The lifetime income option is available to all participants, and it is the default option for new employees.
A custom target-date series, which contains 11 target-date funds. Again, SSgA manages the indexed portfolios used in the underlying investments. AllianceBernstein is co-fiduciary.
Among the existing core options, one, a stable value fund, is managed in-house. The others are all passively managed by SSgA. Of those, three are equity separately managed accounts: one based on the S&P 500 stock index; one based on the Russell Small Cap Completeness index; and a third based on the MSCI EAFE Index.
Two of the core funds are collective trusts: One is based on the Barclays Capital Government/Credit bond index; the second is based on the MSCI Emerging Markets index.
UTC also offers in-house a company stock fund that isn't part of the core lineup. SSgA is the stock fund administrator. In addition, UTC has a self-directed brokerage option with access to more than 10,000 mutual funds from more than 250 fund companies. It is offered through a subsidiary of Aon Hewitt, which is the record keeper for both 401(k) plans.
