According to a news release, 401K Retirement Solutions will offer Select Sector SPDRs on its daily valuation open architecture platform for 401(k) and retirement plan sponsors which also lets participants select from a menu of lifestyle choices comprised solely of ETFs. Its recordkeeping technology, accessed through its Web site, processes the trading and tracking of the ETFs on a participant level basis.
“Exchange Traded Funds have grown into some of the most popular investment vehicles for US investors in recent years,” said Dan Dolan, director of wealth strategies for Select Sector SPDR Trust and architect of Select Sector SPDRs, in the news release.
Select Sector SPDRs is a family of ETFs that divides the S&P 500 into nine individual sector index funds.
More information is at www.401krs.com .