This is the first offering of the Banneker 401 (k) Advisor Series, according to a news release. The Banneker ETF Advantage 401(k) Portfolios offer plan sponsors the opportunity to select Lifestyle and Lifecycle programs for their retirement plan offerings.
For more on Lifecycle and Lifestyle funds, please see PLANSPONSOR’s Cover: Get a Life (Style) .
Banneker Capital will provide the investment management services as part of this platform, while BenefitStreet will provide the back office and technology support functions, according to the news release.
Banneker Capital Management Corp. ( www.bannekercapital.com ) is a registered investment advisor headquartered in Maryland. BenefitStreet is a qualified plan recordkeeper specializing in uniting TPAs, advisors and plan sponsors ( www.benefitstreet.com ).