Image alt tag

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

A verification Email Has Been Sent

An email verification email has been sent to .
Follow the instructions to complete the email validation process.

I have not received my verification email

Check your SPAM mailbox and make sure that twelcome@lordabbett.com is allowed to send you mail.

I'm still having trouble

If you're still having trouble verifying your email address. feel free to contact us.

1-888-522-2388
clientservices@lordabbett.com


OK

We're sorry. We found no record of the email address you provided.

Register For a LordAbbett.com Account
Using Your Email Address.

  • Registered Financial Advisors gain access to:
  • Our data mining tool, Insight & Intelligence
  • Best in-class practice management content
  • Educational events, videos and podcasts.
  • The Lord Abbett Review - Subscribe now!

Registered but Having Problems?

If you believe you are registered and are having problems verifying your email address, feel free to contact us.

1-888-522-2388 clientservices@lordabbett.com

Terms & Condition

These Terms of Use ("Terms of Use") are made between the undersigned user ("you") and Lord, Abbett & Co. ("we" or "us"). They become effective on the date that you electronically execute these Terms of Use ("Effective Date").

A. You are a successful financial consultant that markets securities, including the Lord Abbett Family of Funds;

B. We have developed the Lord Abbett Intelligence System (the "Intelligence System"), a state of the art information resource that we make available to a limited community of broker/dealers through the Internet at a secure Web site (the "LAIS Site"); and

C. We wish to provide access to the Intelligence System to you as an information tool responsive to the demands of your successful business pursuant to these Terms of Use. Accordingly, you and we, intending to be legally bound, hereby agree as follows:]

1. Overview. · Scope. These Terms of Use (which we may amend from time to time) govern your use of the Intelligence System. · Revisions; Changes. We may amend these Terms of Use at any time by posting amended Terms of Use ("Amended Terms of Use") on the LAIS Site. Any Amended Terms of Use will become effective immediately upon posting. Your use of the Intelligence System after any Amended Terms of Use become effective will be deemed to constitute your acceptance of those Amended Terms of Use.We may modify or discontinue the Intelligence System at any time, temporarily or permanently, with or without notice to you. Purpose of the Intelligence System. The Intelligence System is intended to be an information resource that you may use to contribute to your business research. The Intelligence System is for broker/dealer use only; it is not to be used with the public in oral, written or electronic form. The information on the Intelligence System and LAIS Site is for your information only and is neither the tax, legal or investment advice of Lord Abbett or its third-party sources nor their recommendation to purchase or sell any security.

2. Your Privileges. · Personal Use. Your use of the Intelligence System is a nontransferable privilege granted by us to you and that we may deny, suspend or revoke at any time, with or without cause or notice. · Access to and Use of the Intelligence System. The User ID and password (together, an "Access ID") issued by us to you (as subsequently changed by you from time to time) is for your exclusive access to and use of the Intelligence System. You will: (a) be responsible for the security and use of your Access ID, (b) not disclose your Access ID to anyone and (c) not permit anyone to use your Access ID. Any access or use of the Intelligence System through the use of your Access ID will be deemed to be your actions, for which you will be responsible. · Required Technology. You must provide, at your own cost and expense, the equipment and services necessary to access and use the Intelligence System. At any time, we may change the supporting technology and services necessary to use the Intelligence System. · Availability. We make no guarantee that you will be able to access the Intelligence System at any given time or that your access will be uninterrupted, error-free or free from unauthorized security breaches.

3. Rights in Data. Our use of information collected from you will be in accordance with our Privacy Policy posted on the LAIS Site. Our compliance with our Privacy Policy will survive any termination of these Terms of Use or of your use of the Intelligence System.

4. Your Conduct in the Use of the Intelligence System. You may access, search, view and store a personal copy of the information contained on the LAIS Site for your use as a broker/dealer. Any other use by you of the Intelligence System and the information contained on the LAIS Site these Terms of Use is strictly prohibited. Without limiting the preceding sentence, you will not: · Engage in or permit any reproduction, copying, translation, modification, adaptation, creation of derivative works from, distribution, transmission, transfer, republication, compilation or decompilation, reverse engineering, display, removal or deletion of the Intelligence System, any portion thereof, or any data, content or information provided by us or any of our third-party sources in any form, media or technology now existing or hereafter developed, that is not specifically authorized under these Terms of Use.

· Remove, obscure or alter any notice, disclaimer or other disclosure affixed to or contained within the Intelligence System, including any copyright notice, trademark and other proprietary rights notices and any legal notices regarding the data, content or information provided through the Intelligence System.

· Create a hyperlink to, frame or use framing techniques to enclose any information found anywhere on the LAIS Site without our express prior written consent.

· Impersonate any person, or falsely state or otherwise misrepresent his or her affiliation with any person in connection with any use of the Intelligence System.

· Breach or attempt to breach the security of the Intelligence System or any network, servers, data, or computers or other hardware relating to or used in connection with the Intelligence System; nor (b) use or distribute through the Intelligence System software or other tools or devices designed to interfere with or compromise the privacy, security or use of the Intelligence System by others or the operations or assets of any person.

· Violate any applicable law, including, without limitation, any state federal securities laws. 5. Your Representations and Warranties. You hereby represent and warrant to us, for our benefit, as of the time of these Terms of Use and for so long as you continue to use the Intelligence System, that (a) you are, and will continue to be, in compliance with these Terms of Use and any applicable laws and (b) you are authorized to provide to us the information we collect, as described in our Privacy Policy.

6. Disclaimer of Warranties.

· General Disclaimers.

THE INTELLIGENCE SYSTEM, THE LAIS SITE AND ALL DATA, INFORMATION AND CONTENT ON THE LAIS SITE ARE PROVIDED "AS IS" AND “AS AVAILABLE” AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND. WITHOUT LIMITING THE PRECEDING SENTENCE, LORD ABBETT, ITS AFFILIATES, AGENTS, THIRD-PARTY SUPPLIERS AND LICENSORS, AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, DIRECTORS, OFFICERS AND SHAREHOLDERS (COLLECTIVELY, THE “LORD ABBETT GROUP”) EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NONINFRINGEMENT. YOU EXPRESSLY AGREE THAT YOUR USE OF THE LAIS SITE, THE INTELLIGENCE SYSTEM, AND THE DATA, INFORMATION AND CONTENT PRESENTED THERE ARE AT YOUR SOLE RISK AND THAT THE LORD ABBETT GROUP WILL NOT BE RESPONSIBLE FOR ANY (A) ERRORS OR INACCURACIES IN THE DATA, CONTENT AND INFORMATION ON THE LAIS SITE AND THE INTELLIGENCE SYSTEM OR (B) ANY TERMINATION, SUSPENSION, INTERRUPTION OF SERVICES, OR DELAYS IN THE OPERATION OF THE LAIS SITE OR THE INTELLIGENCE SYSTEM.

· Disclaimer Regarding Investment Research.

THE INTELLIGENCE SYSTEM INCORPORATES DATA, CONTENT AND INFORMATION FROM VARIOUS SOURCES THAT WE BELIEVE TO BE ACCURATE AND RELIABLE. HOWEVER, THE LORD ABBETT GROUP MAKES NO CLAIMS, REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS, COMPLETENESS OR TRUTHFULNESS OF SUCH DATA, CONTENT AND INFORMATION. YOU EXPRESSLY AGREE THAT YOU ARE RESPONSIBLE FOR INDEPENDENTLY VERIFYING YOUR INVESTMENT RESEARCH PRIOR TO FORMING YOUR INVESTMENT DECISIONS OR RENDERING INVESTMENT ADVICE. THE LORD ABBETT GROUP WILL NOT BE LIABLE FOR ANY INVESTMENT DECISION MADE BY YOU OR ANY OTHER PERSON BASED UPON THE DATA, CONTENT AND INFORMATION PROVIDED THROUGH THE INTELLIGENCE SYSTEM OR ON THE LAIS SITE.

· Survival.

THIS SECTION 6 SHALL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM..

7. Limitations on Liability.

NONE OF THE MEMBERS OF THE LORD ABBETT GROUP WILL BE LIABLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING LOSS OF PROFITS, LOSS OF USE, TRANSACTION LOSSES, OPPORTUNITY COSTS, LOSS OF DATA, OR INTERRUPTION OF BUSINESS) RESULTING FROM, ARISING OUT OF OR IN ANY WAY RELATING TO THE INTELLIGENCE SYSTEM, THE LAIS SITE OR YOUR USE THEREOF, EVEN IF THE LORD ABBETT GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 7 WILL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM.

8. Miscellaneous Provisions.

· Governing Law. This Agreement will governed by and construed in accordance with the laws of the State of New York, without giving effect to applicable conflicts of law principles.

THE UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT OR ANY VERSION THEREOF, ADOPTED BY ANY STATE, IN ANY FORM ("UCITA") WILL NOT APPLY TO THESE TERMS OF USE. TO THE EXTENT THAT UCITA IS APPLICABLE, THE PARTIES HEREBY AGREE TO OPT OUT OF THE APPLICABILITY OF UCITA PURSUANT TO THE OPT-OUT PROVISION(S) CONTAINED THEREIN.

The Intelligence System is not intended to be used by consumers, nor are the consumer protection laws of any jurisdiction intended to apply to the Intelligence System. You agree to initiate and maintain any action, suit or proceeding relating to these Terms of Use or arising out of the use of the Intelligence System exclusively in the courts, state and federal, located in or having jurisdiction over New York County, New York.

YOU HEREBY CONSENT TO THE PERSONAL JURISDICTION AND VENUE OF THE COURTS, STATE AND FEDERAL, LOCATED IN OR HAVING JURISDICTION OVER NEW YORK COUNTY, NEW YORK. YOU AGREE THAT YOU WILL NOT OBJECT TO A PROCEEDING BROUGHT IN YOUR LOCAL JURISDICTION TO ENFORCE AN ORDER OR JUDGMENT OBTAINED IN NEW YORK.

· Relationship of Parties. The parties to these Terms of Use are independent contractors and nothing in these Terms of Use will be construed as creating an employment relationship, joint venture, partnership, agency or fiduciary relationship between the parties.

· Notice. All notices provided under these Terms of Use will be in writing and will be deemed effective: (a) when delivered personally, (b) when received by electronic delivery, (c) one business day after deposit with a commercial overnight carrier specifying next day delivery, with written verification of receipt, or (d) three business days after having been sent by registered or certified mail, return receipt requested. We will only accept notices from you in English and by conventional mail addressed to: General Counsel Lord, Abbett & Co. 90 Hudson Street Jersey City, N.J. 07302-3973 We may give you notice by conventional mail or electronic mail addressed to the last mail or electronic mail address transmitted by you to us.

· Third-Party Beneficiaries. The members of the Lord Abbett Group are third-party beneficiaries of the rights and benefits provided to us under these Terms of Use. You understand and agree that any right or benefit available to us or any member of the Lord Abbett Group hereunder will also be deemed to accrue to the benefit of, and may be exercised directly by, any member of the Lord Abbett Group to the extent applicable.

· Survival. This Section 8 will survive any termination of these Terms of Use or your use of the Intelligence System. The undersigned hereby signs these Terms of Use. By electronically signing and clicking "Accept" below, these Terms of Use will be legally binding on me. To sign these Terms of Use, confirm your full name and enter your User ID and Password (as your electronic signature) in the fields indicated below and click the “I Accept” button.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Practice Management

Plan sponsors should follow a four-step process to ensure that their providers are appropriate and that the fees paid are reasonable, says advisor Robert Lawton.

This Practice Management article is intended for financial advisors only (registered representatives of broker/dealers or associated persons of Registered Investment Advisors).

As part of your fiduciary-compliance responsibilities as a plan sponsor, you should regularly review the providers that work with your 401(k) plan. The Department of Labor (DoL) suggests that plan sponsors do so every year if plan assets are used to pay plan fees, and at least every three years with other fee arrangements. As a fiduciary, you have an obligation to ensure that your providers are appropriate and that the fees you are paying for their services are reasonable.

The DoL neither requires you to make any provider changes as a result of your reviews nor does it mandate that you work with the lowest-cost provider. All that is required is that you determine that fees paid are reasonable. However, the 401(k) plan marketplace is very dynamic, and you likely will discover some surprises when you conduct provider reviews. What follows are suggestions for managing a 401(k) provider-review process.

Step 1. Your investment advisor
A good investment advisor can add genuine value to the operation of your plan. Competent advisors save plan sponsors at least as much as they charge in fees each year. Work with an investment advisor who:

  • Is paid a consulting fee in “hard dollars” for services outlined in invoices you receive. All services should be described in detail in a contract. Try not to work with advisors who are product-oriented and are paid in “soft dollars” (i.e., compensation that you do not see that flows from mutual funds to investment advisors).
  • Works for an organization that is willing to acknowledge its fiduciary responsibilities in writing, without limitations. Brokers, bankers, and insurance company advisors place limitations on their fiduciary responsibility. Registered investment advisors (RIAs) are required by law to act as fiduciaries without limitations.
  • Specializes in working with 401(k) plans. The 401(k) plan business has become much too complex for someone who is doing it as an ancillary or side business. Many CEOs have hired their personal financial advisor to help manage their company’s 401(k) plan. Others use their bank. A number work with their insurance companies. These are not good solutions. Hire a 401(k) investment advisor who works for a company whose core business is providing 401(k) investment advisory services. Today's complicated 401(k) plan marketplace requires a specialist.
  • Has the experience and knowledge to manage your record keeper, trustee, and custodian relationships for you, saving you a lot of time.

If your advisor does not meet all the criteria outlined above, stop right here and start searching for another. Construct a list of advisors in your area by googling “401(k) investment advisor.” Reach out to the five that look good and ask for proposals. Bring in the best three to present.

Step 2. The record-keeper RFP/RFI
A qualified investment advisor can manage the remainder of the provider-review process for you. He/she should be able to supply you with a draft request for proposal (RFP) or request for information (RFI) document that you can review and customize. Your advisor should take care of e-mailing it out to the record keepers and collecting responses.

I use RFP documents with clients who know that they want to make a change and RFI documents with clients who are interested in checking provider fees and services. Since the recordkeeping business has consolidated significantly, you can comfortably consider just three or four recordkeeping firms (including your existing provider).

Most record keepers bundle trust and custody services with recordkeeping, or can serve as trustees and/or custodians. Make sure your RFP/RFI includes questions about these services.

Your advisor should receive all electronic responses and be able to summarize them in a spreadsheet that will allow you to compare services as well as price.

Step 3. The RFP/RFI evaluation
As you review the RFP/RFI summary spreadsheet, keep in mind the following:

  • The recordkeeping business is technology-driven. Ensure that the record keeper you select has a commitment to technology improvement in the future. Check this by asking what the company has budgeted to spend in the next year on technology enhancements and what those enhancements will be. The best technology-driven record keepers improve their websites every year.
  • Visit the websites. Your participants' opinion of your 401(k) plan is heavily influenced by the record-keeper website they encounter. This website will be the only contact the majority of your participants have with your plan. The website (and whether you like it) is one of the most important differentiators among record keepers. The major record keepers take different approaches to their websites, so be sure to thoroughly review each site.
  • Review sample participant statements. This is one document every participant looks at. They need to be easy to understand or you will get a lot of phone calls.
  • Make sure you hire a corporate trustee if you don't already work with one. I still talk to large companies that have individuals (senior corporate executives no less) serving as trustees of their 401(k) plans. Given how litigious our society has become, this doesn’t seem to be a risk that is necessary for corporate executives to bear, especially since the cost of a corporate trustee is only around $1,000 per year.
  • Consider the market segment you represent. A good investment advisor will bring you a set of potential record keepers that make sense for the size plan you have. Make sure you agree. A good way to check is by the type of references the record keepers give you. It also doesn’t hurt to ask what their average client size is and where their clients tend to be located.

Up to this point I haven’t shared much information about costs. The 401(k) plan marketplace is super-competitive. Most record keepers offer services that are similar to their competitors’ and similarly priced. In my opinion, if you receive a quote that is quite a bit different from the others (either significantly higher or lower), then it is fair to assume that provider does not work a lot with plans your size and would not be a good fit.

Since the 401(k) plan marketplace is so competitive, price can be an area of negotiation. This is not something that I see plan sponsors take advantage of enough. If you like a particular record keeper and believe he or she (or it) would be a good fit, but that the fees are just a little higher than a competitor’s, ask the record keeper to match the competitor’s price. I have not heard of an instance recently in which a provider was unwilling to make a price adjustment if it thought it was going to get the business.

Step 4. Conversion
Typically, 90% of all provider searches conclude by October. That is because the vast majority of 401(k) plans have December 31 year-ends and most plan sponsors like to convert to new providers effective with the new plan year beginning January 1. If your plan year-ends December 31, there are good reasons not to run with the crowd:

  • Your conversion may flow much more smoothly if you choose a conversion date other than January 1. Record keepers are exceedingly busy with January 1 conversions. You have greater odds of receiving much better service, and someone at the record keeper's office might actually return your phone calls, if you choose another date.
  • You wanted to take time off during the holidays and not answer 401(k) plan questions, right? Those last-minute, critical decisions that need to be made to keep your conversion on track are out there waiting to ruin your holiday cheer.
  • Where are all of your employees, and why is no one attending your employee-education sessions? Aren’t they as excited about the new plan as you are? Not if you are scheduling employee-education sessions between Thanksgiving and New Year’s Day. If you think that scheduling employee-education sessions in early November is a better idea, it isn’t, because everyone will forget about all the new, neat features of the plan by the time your plan emerges from conversion.

So, what is the solution? Scheduling a conversion for any date other than January 1 will be much easier on you, be welcomed by your record keeper, and make better sense to your employees. If you decide to do this, your new record keeper may give you a reduction on your conversion costs.

According to the DoL, reviewing your providers regularly is your fiduciary responsibility. Even if you don’t make a provider change, file the RFP/RFI summary in your plan file. It is great documentation of your due diligence.

—by Robert C. Lawton
Robert C. Lawton, AIF, CRPS, is president of Lawton Retirement Plan Consultants, LLC, an RIA firm helping retirement plan sponsors with their investment, fiduciary, employee education, and compliance responsibilities.

EBN-Logo-2

Please confirm your literature shipping address

Please review the address information below and make any necessary changes.

All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

Current Literature Shipping Address

* Required field