ICMA-RC upgrades its managed accounts platform

The manager of public sector retirement plans will offer personalized advice to participants.

ICMA-RC, a manager and administrator of retirement plans serving government employees, has enhanced its managed accounts platform to provide “a more personalized and intuitive user experience,” the company said in a release.

Features of the upgrade, which is powered by Morningstar Investment Management, include recommendations customized to participants’ retirement and financial goals, including when they’re able to retire, how to invest their accounts and how to withdraw money in retirement.

It also includes a new Social Security guidance tool that helps participants decide when to start receiving benefits.

In March, ICMA-RC announced that it will transition to the name MissionSquare Retirement.

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