401(k) Plan – With A Conscience

July 25, 2001 (PLANSPONSOR.com) - Plan sponsors can now offer participants a diversified 401(k) plan that invests in a socially responsible manner.

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

  • Ariel
  • Calvert
  • Citizens
  • Domini
  • IPS
  • 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.