Specifically, the fund will be added to the Guardian Choice and Guardian Advantage fund lineups. By including the fund in these retirement products, Guardian’s aim is to provide new investment options and an expanded breadth of asset classes for plan sponsors and participants.
The fund is a stable value fund aimed at preserving principal and generating high levels of current income by investing in guaranteed investment contracts, money market mutual funds, and other stable value products. Stable value funds are an increasingly attractive asset class for 401(k) plan participants who seek preservation of principal, particularly in a turbulent market environment, according to a statement from the firm.
“We understand that for certain 401(k) plan participants maintaining safety of principal while providing a competitive yield is paramount. The Capital Preservation Fund offers investors in retirement plans a conservative investment option managed by a well-respected firm with over 25 years of experience managing stable value investments,” says Jason Frain, vice president for 401(k) product management and development within Guardian Retirement Solutions, based in New York.More information can be found at 401k.GuardianLife.com, including a variety of educational features to help plan participants better understand their own investing styles and information about how to maximize the retirement planning process.