ABA Retirement Funds Announces Enhanced Investment Structure for Participants
CHICAGO, IL, November 2, 2009 -- ABA Retirement Funds, which offers tax-qualified, cost effective retirement plan services exclusively to legal professionals through its sponsorship of the ABA Retirement Funds Program, has launched an enhanced investment structure for participants. The Program's new enhanced investment structure offers participants access to a cutting edge menu of investment options normally available to only the largest corporations. Northern Trust, a worldwide leader in customized asset management and asset servicing solutions for sophisticated institutional investors, which recently began its role as ABA Retirement Funds investment fiduciary, will be managing this new investment menu.
Under the new structure designed and managed by Northern Trust, plan participants will have a number of new investment options. The new options include the Large Cap Equity Fund, Small-Mid Cap Equity Fund, Real Asset Return Fund, as well as three target risk funds: Conservative Risk Fund, Moderate Risk Fund, and Aggressive Risk Fund. This enhanced structure incorporates plan demographics, participant behavior, and takes advantage of new investment approaches and styles that are among the best of what the marketplace has to offer.
"Northern Trust is a pioneer of the manager of managers investment strategy," said Diane Fuchs, President, ABA Retirement Funds. "Its experience as a professional investment fiduciary will be instrumental in providing a stronger program for participants."
Founded in 1889, Northern Trust has extensive experience in investment manager research and creating strategic combinations of managers in order to maximize returns.
State Street Bank and Trust Company of New Hampshire, a global leader in servicing investors, remains trustee, with ultimate responsibility for offering investment options and selecting investment advisors.
About ABA Retirement Funds
ABA Retirement Funds--formerly American Bar Retirement Association and the affiliated ABA Members Retirement Program--is an Illinois not-for-profit corporation established more than 40 years ago by the American Bar Association to help the legal community with retirement planning and solutions. Through its sponsorship of the Program, ABA Retirement Funds offers tax-qualified retirement plan services to legal professionals, along with educational information related to retirement planning and funding. The Program has earned "preferred vendor status" with 33 state bar and national legal associations.
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