ING has expanded its fiduciary service offerings to help defined contribution plan sponsors navigate their responsibilities under the Employee Retirement Income Security Act.
According to ING, the decision was a result of increased customer demand for such a service.
The new service, Portfolio Blueprint 3(38), allows employers to delegate fiduciary authority for the selection, ongoing monitoring, and replacement of the plan's investments to Morningstar Associates, a qualified "investment manager," as defined by section 3(38) of ERISA. Morningstar Associates is a leading investment advisory firm and provider of plan sponsor consulting services with which ING has an established relationship.
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