Episode Description

This episode is part two of our three part mini course on constructing a 401(k) investment menu.  In part one, we covered current thinking, trends and benchmark data on investment menu design, questions to ask your service providers before you start and much more!  If you have not listened to that episode, I would encourage you to check it out on iTunes or your favorite podcast app!  Now, back to part two where we discuss the next steps of investment menu design, determining the asset classes you will make available to your participants and then selecting individual investment options.  To help navigate the conversation I have Jamie Axford, a Director at Putnam Investments.  I realize that for some just mentioning the term “asset class” during a plan review or investment discussion can send you scurrying of your phone to check you emails, however I would encourage you to hang in there for our conversation today.  Jamie does a great job of defining some words and concepts that many people have heard but might not have fully understood.  He also provides some great perspective on reviewing different investments, how some investment scoring systems could lead to riskier investments and some other questions you can bring with you to your next 401(k) investment review! 

 

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Guest Bio

Mr. Axford is Director, DCIO Consultant Relations, at Putnam Investments. In this role, he is responsible for managing relationships with consultants who are focused on the retirement plan space. Mr. Axford joined Putnam in 2012 and has been in the investment industry since 1989. He holds an Accredited Investment Fiduciary (AIF) designation and is also a member of the Association of Investment Management Sales Executives (AIMSE). Mr. Axford holds his Series 6, 7, 24, 63, and 65 licenses with FINRA.

 

401(k) Fridays Podcast Overview

Helps employers navigate the evolving retirement benefits landscape through weekly engaging interviews with industry leaders, subject matter experts and progressive employers with unique viewpoints. The diverse in-depth perspectives and relevant topics help employers make more informed decisions about their retirement benefit programs which will positively impact their employees and business.  For more information please visit www.401kfridays.com/podcasts.