New Investment Management Platform for 401(k)s

Mid Atlantic Trust Company (MATC) launched its new platform, ModelxChange, which allows 401(k) professionals to incorporate mutual fund and/or exchange-traded fund investment models into a plan through a Web-based interface.

ModelxChange provides a single system for the creation, execution and ongoing management of investment models for the 401(k) marketplace, according to a press release. The platform provides plan investment advisers with access to a host of third-party money managers with proven track records that are able to provide models comprised of ETFs and/or mutual funds.  

Managers can set-up and manage their investment models and then deliver those models and the investment changes to each individual 401(k). According to the announcement, money managers can also set security and cash targets, as well as specific investment exclusions requested by the plan fiduciary.