GoldK Entering 403(b) Market

January 3, 2001 ( - Internet recordkeeper GoldK has announced plans to enter the 403(b) service market in the second quarter of 2001.

The expansion will bring the 401(k) provider’s services to employees of tax-exempt organizations, including educational, religious, health-care and charitable institutions. 

There are more than 6 million workers with some $520 billion in assets in 403(b) programs, according to Spectrem Group research cited in the press release. That same study finds that more than 50% of 403(b) assets are currently invested in annuities, compared with just 15% in mutual funds. 

GoldK was founded in 1999 and is based in Waltham, Massachusetts.