Patent ID: 8639604

Claim:
An article of manufacture for managing tax-deferred retirement accounts, comprising: a non-transitory computer readable medium comprising computer program instructions executable by a computer processor for managing a plurality of tax-deferred retirement accounts for a plurality of participants participating in a plurality of plans; said instructions comprising a record keeping system configured for investing contributions periodically in at least one exchange traded fund in said plurality of tax-deferred retirement accounts for each of said plurality of participants, said at least one exchange traded fund comprising a plurality of exchange traded funds; said instructions further configured for allocating shares of said at least one exchange traded fund to each of said plurality of participants in accordance with their respective contributions; said shares being selected from whole shares and fractional shares in amounts commensurate with said respective contributions; and said record keeping system further comprising instructions for: computing a total buy amount for each of said plurality of participants for each of said plurality of exchange traded funds; computing a total buy amount for each of said plurality of plans for each of said plurality of exchange traded funds; computing a total buy amount of whole shares for all of said plurality of plans for each of said plurality of exchange traded funds; and creating an omnibus trade file for each of said plurality of exchange traded funds covering all of said plurality of plans and all of said plurality of participants; wherein said record keeping system further comprises instructions, for each one of said plurality of exchange traded funds in which an investment has been made, for: receiving a report of purchased whole shares; allocating said purchased whole shares among respective ones of said plurality of plans for which said investment has been made; for each of said plurality of plans that receives a portion of said purchased whole shares, allocating said portion of said purchased whole shares among respective ones of said plurality of participants that have invested in said one of said plurality of exchange traded funds; and allocating to said respective ones of said plurality of participants fractional shares of said one of said plurality of exchange traded funds and a cash balance.