In an effort to lower costs, many large employers have transitioned to Pooled Investments and Separately Managed Accounts in recent years. If you have one or more investment options that have “Pooled”, “Account”, or “Strategy” in their name and don’t have a ticker, it’s likely your employer has done so.
While the reduction in cost is beneficial to you, the potential downside is less transparency. Simply put, these are private investments, don’t have publicly disclosed prices, and can’t be researched on external sites such as Kivalia, or Morningstar.
In many cases however, the manager name and strategy are disclosed in the account name, such as “Artisan Small Cap Value Account”. In such instances, you can “proxy” the asset by selecting a similar asset within the Kivalia framework. It won’t be exact, but it should be a good representation of your offering. For example, in the situation above, you could select Artisan Small Cap Value Investor (ARTVX).
In cases where there are multiple classes of potential proxy fund in the Kivalia database, select the one that has an expense ratio most similar to that of your plan’s private offering.
Have the investment options in your plan changed? Edit your plan & get updated advice.