Press Release

MissionSquare Announces Firm's Largest Reduction in Fund Costs, Providing Investors with Greater Long-Term Investment Value

Issued by MissionSquare Retirement

Aug. 7, 2025

Enhancements to MissionSquare’s investing approach will reduce overall expense ratios by as much as 45%

Washington, D.C. – MissionSquare announced today plans to lower its investment costs across a broad range of the firm’s equity and target-date funds, providing an opportunity for more impactful financial outcomes for plan participants investing within their long-term retirement portfolios. Through the initiative, the firm will reduce the overall MissionSquare fund expense ratios by as much as 45%.¹

“At MissionSquare, our customers remain at the center of all that we do, which is why we are making a strategic decision to enhance our investment management strategy to offer more cost-effective, diversified portfolio solutions,” said Andre Robinson, CEO of MissionSquare. “We know long-term savings goals require a marathon, not a sprint. By reducing fund costs, we provide an opportunity for individuals investing for the long run to save more money over time and ultimately invest more effectively.”

The initiative includes an evolution of the firm’s management approach to a hybrid active-passive management, which is designed to provide many benefits to investors, including:

• Reduced costs: Investors will benefit from reduced fund expense ratios, which can lead to greater savings, aiding in the ability to accumulate assets over the long term. As hybrid active-passive management typically offers lower costs than active management alone, the more cost-effective approach provides the potential for higher long-term net returns.
• Enhanced diversification: The enhanced hybrid active-passive management approach allows investors to gain market exposure to a broader set of investment strategies that “fill in the gaps” that might exist with an active management investment strategy alone, resulting in more diversified portfolios overall.
• Improved risk-adjusted performance with consistency: The enhanced hybrid investment management strategies will integrate MissionSquare's more than 30 years of market-tested experience and deep insight into bull and bear markets, geopolitical, inflationary, and credit-driven crises, with a sound approach to portfolio construction, selection, and asset allocation.

“Our investment strategy is built on a foundation of insight, discipline, and adaptability,” said Shari Hensrud, head of Investment Strategies at MissionSquare. “Through thoughtful design, strategic balance, and our unwavering commitment to optimal investor outcomes, we look forward to helping deliver long-term value by lowering the costs of investing.”

MissionSquare will position the funds for consistent performance relative to stated benchmarks in various market environments, adding long-term value for investors. The changes will take effect over the next several weeks.

As a company that prides itself on service, investments, and technology, MissionSquare remains focused on delivering on its commitment to help all individuals and their families create financial security. The firm continues to invest in products and capabilities to improve customer experiences with quality services. More solutions are scheduled to be rolled out in the second half of 2025 and next year, including brokerage accounts, high-yield savings, education accounts, self-service financial planning, and access to expanded investment solutions such as cryptocurrency exchange-traded funds and broader alternative investments.

¹ Equity fund and target-date fund estimates are based on average fees of the cheapest share class.

About MissionSquare

Since its founding in 1972, MissionSquare has remained committed to delivering on its mission to help all individuals build retirement security. As a mission-based financial services company, we manage and administer over $74.6 billion in assets.* Our commitment to delivering results-oriented retirement plans, education, investments, and personalized advice sets us apart. For more information, visit www.missionsq.org.

*As of June 30, 2025. Includes 457(b) plans, 401(a) plans, 403(b) plans, Retirement Health Savings plans, Employer Investment Program plans, affiliated IRAs, and investment-only assets.

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.