Callan LLC ("Callan") serves as the investment advisor for the KP Retirement Path Funds and the KP Core Funds. Callan was founded in 1973 as an employee-owned investment-consulting firm. The company currently provides advice, research, and decision support to investors representing approximately $2 trillion in total assets (as of June 30, 2019). Callan's clients include many of the largest public and corporate defined benefit and defined contribution plans in the U.S.
Callan's investment management division, the Trust Advisory Group, is responsible for the design, implementation, and oversight of the KP Funds. The Trust Advisory Group specializes in the management of institutional multi-manager portfolios, and has approximately $22.8 billion in total assets under management (as of June 30, 2019) across a broad array of asset classes and strategies. These include the Callan GlidePath® Funds, a series of multi-manager target date funds for which Callan has acted as the advisor since 2007, as well as the KP Retirement Path Funds.
The Callan organization has been a pioneer in the development of custom target date funds, working with some of the largest defined contribution plans in the country to help build customized solutions for their participants. Callan's Trust Advisory Group brings this depth of experience to the management of the KP Funds, a series of custom mutual funds designed exclusively for participants in Kaiser Permanente-sponsored defined contribution plans.