2 April 2018, by Concordia Plan Services
The ProManage PROgram is one of the many benefits available to workers who save for retirement in the Concordia Retirement Savings Plan. ProManage will allocate a member’s CRSP money among the investment options offered. In addition, ProManage will make appropriate changes to the member’s investment portfolio as his/her situation changes over time.?
ProManage conducts an annual analysis of CRSP member’s financial risk profile to take into consideration any changes in circumstances, such as changes in salary or age. They also monitor the financial markets and activity throughout the year. When this analysis is complete, ProManage will rebalance the current investment allocation of participating members and make adjustments if necessary. ProManage coordinates with Fidelity to make adjustments to members’ CRSP accounts. No action is required by member.
The 2018 rebalance took place place March 29.
ProManage provides its services for a monthly fee based on the total assets it manages for all participants. As of Jan. 31, the annual fee rate is 16.71 basis points or approximately $1.39 per month for an account balance of $10,000. The fee may be adjusted every quarter but cannot exceed 25 basis points and will not exceed $10 per month.
Members can opt out of the ProManage PROgram by calling Fidelity Investments at 800-343-0860.