The investment choices on the platform include well-diversified target-date funds that offer investors a choice of varying risk, including conservative, moderate and aggressive, and pre-set portfolios of exchange-traded funds.
Advisers can opt to rebalance account holdings themselves or use the Folio(k) model portfolio data as a resource.
“Sponsors and participants are asking for more transparency, better diversification and lower costs across the board,” said Alan Smith, vice president of retirement services at Folio Institutional.