DCALTA Issues Framework for Valuation of Private Equity Assets in DC Plans
The firm says its framework bridges the DOL’s regulatory guidance and successful implementation of alternative assets in 401(k) plans.
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Last June, the Department of Labor (DOL) issued an Information Letter sanctioning the use of private equity investments in asset allocation vehicles offered in defined contribution (DC) plans.
The Information Letter addressed concerns with offering private equity in DC plans the complex organizational structure, potentially higher fees, illiquidity and complexity of valuations, among other things with five paragraphs detailing considerations for plan fiduciaries in evaluating and monitoring the investments.
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Industry Group DCALTA Issues Operational Framework For Daily Valuation Of Alternative Assets In 401(k) Plans prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Defined Contribution Alternatives Association Appoints New Executive Committee Members
DCALTA furthers mission to enhance retirement outcomes with 2021 committee appointments.
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PORT ORANGE, Fla., Jan. 28, 2021 /PRNewswire/ Defined Contribution Alternatives Association (DCALTA) announced today the appointment of four experienced finance and investment professionals from its Board of Directors to a new Executive Committee that will guide DCALTA`s strategic direction as the organization continues to grow in membership.
The new executive committee members are:
Serge Boccassini, Head of Global Product Management at Northern Trust, will serve as Chairman.
Alain Michnick, Head of Defined Contribution Sales at FTSE Russell, will serve as Vice Chairman.