Get more! Sign up for PLANSPONSOR newsletters.
Products April 7, 2009
401kDIRECT Teams Up to Offer ETFs
April 7, 2009 (PLANSPONSOR.com) - 401kDIRECT has
announced the launch of a new program that gives advisers,
TPAs and plan sponsors access to exchange-traded funds
(ETFs).
Reported by Rebecca Moore
The ETFs will be available for 401(k), 457 and 403(b) plans on the 401kDIRECT platform through the Mid Atlantic Trust Company’s ETFxChange Program.
Key features of the offering, according to the announcement, include:
- Low fixed trading costs,
- Ability to trade like mutual funds,
- Net Asset Value (NAV) pricing,
- Virtually unlimited daily trading available,
- Ability to be offered alone or with traditional mutual funds,
- Ability for TPAs and Advisers to create 12b1 pay outs 0-100bps, and
- Offered in bundled and un-bundled 401kDIRECT programs.
For more information, visit www.401k-direct.com or call 800-571-5104 ext. 2.
You Might Also Like:
Retirement Industry People Moves
Turning Technology hires former head of iShares; Principal selects Dessouki as chief marketing officer; and Puerto joins J.P. Morgan Private...
Products |
Investment Product and Service Launches
Schwab Retirement partners with Newport, Conduent to expand DB, NQDC offerings; Franklin Templeton adds fixed-income ETF; PGIM launches new ETFs;...
Products |
Investment Product and Service Launches
BlackRock Debuts First Buffer ETFs; SMArtX Adds 15 Investment Strategies; Fidelity Refiles Spot Bitcoin ETF Application.