TY - JOUR T1 - White Label Funds: <em>A No-Nonsense Design Handbook</em> JF - The Journal of Retirement SP - 107 LP - 120 DO - 10.3905/jor.2017.4.4.107 VL - 4 IS - 4 AU - Rod Bare AU - Jay Kloepfer AU - Lori Lucas AU - James Veneruso Y1 - 2017/04/30 UR - https://pm-research.com/content/4/4/107.abstract N2 - White label funds (WLFs) are generic investment structures constructed using a specific mix of underlying funds to provide a simple but rich exposure to an asset class. These funds offer many benefits to participants because they are tailored to the objectives of the plan, not the goals of the individual fund managers. Nonetheless, WLFs need extra resources and require more effort to unlock their benefits. They can be used to solve a capacity problem with current fund options, shape the choices for participants to a safer range without sacrificing quality, capitalize on access to good low-cost defined benefit plan managers, or correct issues that are the focus of lawsuits. The authors believe that these funds, with their potential pricing efficiencies and improved governance, are the next breakthrough for fiduciaries of large defined contribution plans committed to providing their participants with the best solutions.TOPICS: Retirement, pension funds ER -