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.