Set Up iGPS Managed Accounts

As a prerequisite to using the iGPS managed solution, iJoin will first need to license your account for the iGPS/PIMCO methodology. If you do not see "PIMCO CUBE" or "PIMCO Cube With Annuity" listed among your MAP methodology options, contact ijoinsupport@ijoinsuccess.com and our Support team will license your account for this solution. 

Once your iJoin account has been licensed for the iGPS/PIMCO solution, as an iJoin user with administrative rights, you will need to go through the process of setting up iGPS as a managed account provider that can be assigned out to the applicable plans in your system. 

Relius Setup

IMPORTANT: When using iGPS as a managed solution, you MUST associate the following investments with the applicable plans in your recordkeeping system exactly as listed below. Failure to have these CUSIP values loaded for the plan will result in an inability to activate your plan for enrollment. 

Disable Plan Web Election Change settings for the PIMCO REALPATH funds

For all accounts associated with the PIMCO funds listed above, direct election changes via the participant web are not allowed. To enforce this rule in Relius:

• Navigate to Plan Specs > Account Summary to display the current source/fund account list
  • Double-click on one of the accounts containing the applicable PIMCO funds to bring up the modify account form.
  • Make sure Allow investment election changes is checked
    • once checked the "Do not allow investment election change via the participant web" will be available to select.
  • Select Do not allow investment election changes via the participant web and click Modify
    • This is a required option for all accounts that use this investment.

• After clicking Modify the system will display a pop up asking if you want to change this option for all accounts that use this investment. Click Yes. These settings will be automatically brought over to the iJoin system via the next Plan Sync.

Relius Plan Web Transfer Settings for the PIMCO REALPATH Product

For all accounts that include the PIMCO REALPATH Funds, direct fund-to-fund transfer requests via the participant web are not allowed.

• Navigate to Plan Specs > Processing > Transaction Settings> Transfers to display the transfer settings for the current Source/fund account list
  • For one of the rows displaying an account using the PIMCO REALPATH funds select No transfers (in or out) from the Web Transfer Restrictions drop-down selection list

• The system will display the Modify Investment Transfer Restriction popup form
  • Click Yes to copy the setting to all funds including the PIMCO REALPATH funds.

Allowing for Partial Allocations to the iGPS Managed Account Solution

The following instructions will allow you to setup iJoin plans such that participants can be partially allocated into the iGPS managed account solution. This is particularly useful when the managed account option is configured as the QDIA for the plan.

The partial MAP allocation function requires the setup and use of a dedicated Investment Product (model) that is administered on the Relius platform. The model will be used to designate a single underlying fund as a temporary holding investment from which money will be transferred to the appropriate managed investment allocations.

For example, if a participant has elected to allocate 10% of their investment portfolio to the iGPS solution, 10% of their contributions will flow into this model. An iJoin initiated automated process will detect when a balance exists within this designated model such that a transfer transaction that will then move the appropriate percentages of money from the model into the PIMCO investment allocations that have been recommended for the participant's current circumstances.

Setup is as follows:

1. Create a new Investment Product (model)
   1. The name of the Investment Product should be something to the effect of "IGPS Personalized Investment" as this is what will be visible to participants on the web/iJoin experience.

   2. Assign a 100% allocation to an investment that will be part of the relevant plan fund lineups. Given that this is a temporary holding investment from which money will be swept, this will ideally be a conservative investment such as a money market or stable value fund.

      

2. Establish the model as an investment option for the applicable plan.
   1. Ensure both the model and underlying investment are enabled for Web use.
   2. Create the necessary accounts for all pertinent sources and investments.
   3. You have the option of designating the model as the Default Investment for the plan.
3. If the plan intends to incorporate the iGPS with Allianz Annuity solution, be sure to carry out the Allianz setup procedures necessary for permitting the guaranteed lifetime income feature.
4. The remainder of the setup will be performed in the iJoin Admin portal.

iJoin Setup

Setting up the iGPS MAP Provider in iJoin

• Navigate to the Settings tab on the left of your screen.

• Select Managed Accounts

• Select the Create Provider button.

• Enter the Provider Name. 
  • This will appear when selecting a Program Provider for a plan and on Personal Retirement Picture reports for participants.

• If you intend to use the iGPS otpion that does not include a lifetime income component, choose the PIMCO CUBE Methodology from the Investment Methodology dropdown.
• If you intend to use the iGPS option that includes the Allianz guaranteed lifetime income component, choose the PIMCO With Annuity methodology option.
  • If these options are not available under your account, please contact customer support via ijoinsupport@ijoinsuccess.com.

• Enter any relevant Fee Disclosure Messages that will be displayed to the participant inside the iJoin enrollment experience. What you configure here will be displayed exactly as entered. 

• Enter the iGPS provider Logo.
  • To configure the iGPS Logo use this link: https://s3.amazonaws.com/ijoin.customer.logos/General/iGPS+logo.png

• Setup of funds on the Provider level is not required for either the PIMCO or PIMCO with Annuity methodology options. SEE MESSAGE ABOVE REGARDING THE REQUIRED PIMCO CUSIPS THAT WILL NEED TO BE ASSOCIATED WITH EACH RELEVANT PLAN.

• Check the Complete provider setup and enable for use box.

• Select Save.

• A confirmation of a successful save will be displayed.

• Your iGPS Provider will now be available in the Managed Account Program setup drop down in a plan's Investments Paths.

Completing the iJoin Plan Setup

1. Open the applicable plan and navigate to the Experience Setup tab. Ensure the plan is enabled for the ENROLL feature and that the plan is in a Draft mode for editing the following settings:
   1. Set the Experience Type to "Managed Account Recommendation".
   2. On the Investment Path page, within the Managed Account Path section click the Modify button to assign the applicable iGPS provider that is to be associated with the plan.
   3. If you intend to use the iGPS managed solution as QDIA, toggle the "Use MAP as Default Investment" option to ON.
   4. If you intend to allow partial allocations into the iGPS managed option, toggle the "Allow Partial Allocation into MAP" option to ON.
      1. Click the "Assign Model Investment" button.
      2. A pop-up box will display any Relius investment products (models) that have been associated with the plan.
      3. Select the model that you have designated as the iGPS holding investment from which money will be swept into the necessary PIMCO investments.
         1. NOTE: This sweep function will happen automatically on a daily basis. You can track the details of this function through Activity/Activity Monitor.

See also: Managed Accounts Relius Settings for Participants.