NEW YORK--(EON: Enhanced Online News)--The Guardian Insurance & Annuity Company, Inc. (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America (Guardian), today announced the launch of several major fund enhancements to The Guardian Choice® and The Guardian Advantage® fund line-ups. The enhancements increase the investment options, flexibility and breadth of asset classes for plan sponsors using these options to fund their qualified retirement plans.
“In addition to our multiple options for the hands-off investor, we offer a range of robust educational resources to help plan participants better prepare for retirement, as well as multiple tools and platforms to help financial professionals engage more meaningfully with clients.”
Guardian has added 24 new funds to The Guardian Choice®, bringing the total number of funds available to 127. The Guardian Advantage® gained five new funds and now totals 99. With the addition of these new funds, Guardian now offers a larger and more diverse range of investment options and asset classes for the micro- to small-plan market, including multiple Qualified Default Investment Alternatives (QDIA) that now feature the existing Managed Account Service offered by Stadion Money Management LLC, as well as the newly added Vanguard Target Date Funds (for The Guardian Choice® investors), T. Rowe Price Target Date Funds, American Century OneChoice Target Date funds, and the Janus Balanced Fund. Guardian has no proprietary fund requirements, which enables plan sponsors to select from a flexible fund line-up best suited to meet the needs of their plan participants.
"We continue to offer product solutions for the ‘Do-it-For-Me’ plan participant who may not have the requisite experience to invest on their own,” said Jason Frain, Vice President, 401(k) Product Management and Development, Guardian Retirement Solutions™. “In addition to our multiple options for the hands-off investor, we offer a range of robust educational resources to help plan participants better prepare for retirement, as well as multiple tools and platforms to help financial professionals engage more meaningfully with clients.”
Guardian’s new fund offerings give plan participants who prefer a ‘Do-it-For-Me’ approach to retirement investing more options to help create retirement plans that are tailored to their specific investment goals, age and risk tolerance. In addition, Guardian’s website –401k.guardianlife.com – provides plan participants with background information on various types of retirement funds, a variety of educational features to help people better understand their own investing styles, and advice about how to maximize the retirement planning process.
A mutual insurer founded in 1860, The Guardian Life Insurance Company of America and its subsidiaries are committed to protecting individuals, business owners and their employees with life, disability income and dental insurance products, and offer funding vehicles for 401(k) plans, annuities and other financial products. Guardian operates one of the largest dental networks in the United States, and protects more than six million employees and their families at 115,000 companies. The company has approximately 5,000 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide. For more information about Guardian, please visit www.GuardianLife.com.
The Guardian Choice group variable funding agreement and The Guardian Advantage group variable annuity contract are issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation whose principal place of business is 7 Hanover Square, New York, NY.10004. GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY. Guardian does not issue Individual annuities, group variable funding agreements and group variable annuity contracts and does not guarantee the benefits they provide. GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY.
Guardian Retirement Solutions™ refers to the administrative support services, including participant recordkeeping as well as marketing, enrollment and educational materials, provided by GIAC in conjunction with the individual and group retirement products issued by GIAC.