Employee Fiduciary Launches 401(k) Product

February 11, 2005 (PLANSPONSOR.com) - Employee Fiduciary has announced the launch of a new 401(k) service that aims to reduce cost by offering mutual funds and ETFs without mark-up.

The company is offering the 401(k) plans to companies of all sizes, and does not take asset-based fees, according to a press release. All third-party revenues from investment companies are returned, and the cost per employee is $25.

The program works with registered investment advisors and services include:

  • access to 16,000 funds and investments
  • screening tools to help with investments
  • access to enrollment specialists
  • testing and preparations of federal filings
  • online access.
  • participant statements showing balance, recent activity, charges, refunds and total savings.
  • auto portfolio rebalancing.
  • auto enrollment and contribution escalation.
  • assigned account representatives
  • rirected trustee services.

For more information, plan sponsors, TPAs and investment advisors can call at (877) 401-5100.