Products June 7, 2006

Credit Union Offers Big Business Options in Small Co. Plan

June 7, 2006 (PLANSPONSOR.com) - Patelco, a national credit union, introduced the ShareBuilder 401(k), which offers participants in small businesses the options of a big business pension plan.

Reported by

Leslie Ziober

According to the announcement, the ShareBuilder 401(k) is completely made up of Exchange Traded Funds (ETFs). The program allows plan participants to pay $15 per month, no annual employer administrative fee and a 0.65% annual asset fee.

Scott Waite, president and CEO of the San Francisco-based Patelco, said in the announcement that many of Patelco’s members work at small companies.

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Patelco also sends participants performance reports and statements via e-mail and offers tax reporting and Form 5500 preparation.

For more information, go to www.sharebuilder.com/patelco401k .