The platform has added five new investment options and two new managers, American Funds and Lord Abbett & Co., according to the firm. The program, the only 401(k) plan endorsed by the US Chamber of Commerce, already offers options from Putnam, Van Kampen, Wellington, AIG SunAmerica Asset Management, Alliance Capital Management, Davis Advisors, Federated Investors, U.S. Bancorp Asset Management, and Wellington Management Company.
American Funds will manage the American Funds Asset Allocation and American Funds Growth portfolios. Van Kampen will manage Van Kampen LIT Comstock and Van Kampen LIT Growth & Income, while Lord, Abbett & Co will manage the Lord Abbett Mid-Cap Value portfolio.
The CHAMBERplan offers a choice of 20 investment options, including a one-year fixed interest rate account with a minimum interest rate guarantee. To learn more about The CHAMBERplan for Retirement, call The CHAMBERplan Help Desk at 877-814-401(k) or e-mail firstname.lastname@example.org