Igniting Growth Through Innovation

Reflecting on two decades of managed accounts

Article published: June 27, 2024

Edelman Financial Engines (then Financial Engines) was a first mover in the retirement industry with the launch of a workplace managed account solution in 2004. EFE has predominantly held the ranking of #1 DC managed account provider in the workplace ever since. 2024 marks the 20th anniversary and offers an opportunity to reflect upon the last two decades and evolve into the next twenty years. 

This report dives into data-driven trends throughout EFE’s 20-year history, providing a comprehensive analysis of the millions of managed account members served. EFE explores historical member characteristics, and noteworthy behavioral trends related to their investments, illuminating the overall value of EFE’s managed account program. Complementing this data are the voices of the managed account members, validating the value they derive from the solution in advancing their financial well-being and retirement readiness.