In contrast to plans that offer one or two socially responsible options, newly introduced SR401k Plan from Nashville, Tennessee-based 1Point Administrative Services comprises 17 mutual funds from eight different fund companies.
The SR401k enables participants to create a fully diversified portfolio with varying degrees of risk tolerance. It is also fully compliant with Department of Labor 404(c) regulations, according t the firm.
The participating fund companies are
- Meyers Pride Value
- Neuberger Berman
- Parnassus and
- Women’s Equity.
1Point’s mutual fund screening process ensures full coverage of the equity style boxes as well as a diversity of social screening policies.