Patent ID: 8595116
Filing Date: 2013-11-26
Classification: G06Q

Abstract:
1. A method of operating a retirement plan, the method comprising: providing to an asset allocator identifiers of a plurality of non-actively managed funds from which to choose to create a plurality of investment options; receiving from the asset allocator, for each of the plurality of investment options, the identifiers of at least one non-actively managed fund to correspond to said investment option for the retirement plan; identifying at least one of the plurality of investment options for each of a plurality of participants in the retirement plan; receiving funds that are to be, or have been, contributed to the retirement plan on behalf of each of the plurality of participants; and purchasing by a computer processor coupled to a memory, at least one non actively managed fund responsive to the funds received, via a plurality of subaccounts of a retirement plan account of the retirement plan at a broker dealer, each of the plurality of subaccounts of the retirement plan account corresponding to a different one of the plurality of participants.