According to a press release, the offering will help banks recapture retirement plan market share lost to large mutual fund companies and insurance firms. CIFs are transparent in pricing and have lower net costs, are priced and traded in a daily environment, and are not subject to many of the restrictions of mutual funds, the announcement said.
“CIFs are a natural evolution of regional bank movement to open architecture in the retirement plan area. Many of the institutional managers that they are using with high net worth clients can now be accessed in their corporate clients’ 401ks,” said Lance Roberts, Senior Vice President of 401kDIRECT, in the release.
The CIF Marketplace includes funds from major national trust companies and consulting firms, as well as under-the-radar sub-advisors with unique investment talents. Funds that are actively managed, that are directly invested in passive index strategies, and that combine both strategies are represented.
For additional information on administration or for a list of CIFs available, contact Lance M. Roberts at 740.927.3553,lroberts@401k-DIRECT.com, or George Curry with EPIC Advisors, Inc. at 402.614.4113,firstname.lastname@example.org.
You can also check outwww.401k-direct.com