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Commission authorizes Soltis to manage GoalMaker option on county 401(k) plan
Summary
The commissioners approved an amendment allowing Soltis to manage the GoalMaker automated asset-allocation service for Prudential 401(k) accounts; Soltis said the service would be opt-in, carry a 0.06% participant fee, and that Soltis would assume fiduciary responsibilities and some liability.
Ralph Barnes of human resources briefed the commission on a proposal from Soltis to manage the plan's GoalMaker asset-allocation option for county employees. Barnes said the service would not impose a cost on the county; only participating employees would pay the fee.
A Soltis representative described the difference between Soltis' proposed allocations and…
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