401K GPS has launched it personalized 401(k) monitoring service, to ensure participants’ strategies fit their risk profile. While the service monitors portfolios on a daily basis, it issues quarterly recommendations on how investors should reallocate their holdings, based on retirement goals and market expectations. Should volatility in the markets become pronounced, 401K GPS will issue intra-quarterly alerts.

401K GPS creates individual risk profiles, based on an investor’s age and remaining years until retirement. It charges a fee of either $59 a quarter or $199 annually.

“We established 401K GPS after we saw so many people take incredible losses in the past three market downturns due to mismanagement of their 401K portfolio,” said Adam Kulesza, co-founder and investment strategist for 401K GPS. “People were forced to alter or delay their retirement dreams because they did not actively monitor the investment in their company-sponsored plan. We are here to provide the bridge that results in successful 401(k) retirement planning.”

-- This article first appeared on Money Management Executive.