According to a press release from the St. Louis-based company, Blue Ocean 401(k) uses index funds to construct diversified model portfolios.
Plan sponsors pay a flat $1,200 annual fee plus a $36 per employee fee for plan administration, which will be handled by The401kStore.com Inc. and Blue Ocean.
“The solution of using index funds to build a low cost, efficiently diversified, strategic asset allocation portfolio that is rebalanced as needed is like finding the Holy Grail of investing for the average 401(k) participant,” said Joe Montanaro, an investment advisor for Huntleigh Capital Management, which directs Blue Ocean Portfolios, in the release.
For more information about Blue Ocean401(k), visit www.BlueOcean401k.com .
« IMHO: It's About Time