Jump to content

How do retirement plans handle mutual funds’ proxies?

Recommended Posts

Mutual funds’ proxy-voting solicitations are much fewer than they were in the 1980s and 1990s.  Yet it’s still not none.


A trust company’s typical directed-trustee agreement provides that the trustee votes the trust’s securities only as the plan’s administrator directs.  That leaves the administrator (usually, the employer) with an unwelcome duty.


An individual-account plan could require participants (and others with accounts) to direct the fiduciaries’ voting.  But often this is practical only if the plan’s administrator has engaged a recordkeeper or other service provider to deliver the fund’s proxy-voting solicitation and collect the participants’ (and beneficiaries’ and alternate payees’) directions.


BenefitsLink mavens, will you share your experiences about which recordkeepers offer or disclaim such a service?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...