WATKINSVILLE, Ga.--(BUSINESS WIRE)--Stadion Money Management (www.stadionmoney.com), a money management firm known for its technically-based alternative investment solutions that aims to capture most of the market's good times and miss most of its bad times, today announced it is offering ERISA 3(38) discretionary investment management for its target date funds.
“Our new 3(38) designation allows us to bring that same level of investment management oversight to defaulted QDIA retirement plan participants who use our target date funds.”
Stadion can serve as fiduciary when its target date funds are used as the qualified default investment alternative (QDIA) for defaulted participants in a retirement plan. The company has been providing 3(38) protection in its separately managed accounts since 2002.
“We manage retirement assets using an innovative, rules-based investment model designed to react to market movements so that we participate when the market is doing well and provide protection when it’s going down,” said Tim McCabe, Stadion’s Senior Vice President of Sales and Service, and overseer of the company’s retirement offerings. “Our new 3(38) designation allows us to bring that same level of investment management oversight to defaulted QDIA retirement plan participants who use our target date funds.”
ABOUT STADION MONEY MANAGEMENT
Since 1991, Stadion Money Management has been managing investors' "serious money" – the money that absolutely must be there for important long-term goals like retirement, education and future family legacy. Stadion Money Management offers separate account management services, proprietary mutual funds and is one of the leading retirement account investment advisory services in the nation. For more information, please visit www.stadionmoney.com.