New Blue Ocean 401(k) Plans Use Index Mutual Funds

October 30, 2007 (PLANSPONSOR.com) - Blue Ocean Portfolios is launching a full service 401(k) plan which has an average total participant cost of 0.79% of assets annually, including the expense ratios of the underlying index funds.

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.

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

“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 .

«