A press release said the solution is designed for organizations with at least 100 employees, and RLP Capital, Inc. will assume the role of plan co-fiduciary, taking on legal responsibility for the management of the plan.
In addition, RLP has incorporated into the solution a proprietary socially conscious ratings system developed exclusively for clients of The Green 401k. The system assigns each mutual fund one of five different ratings ranging from Not Socially Responsible to Exceptionally Socially Responsible for those funds exhibiting the strongest social and environmental screening criteria.
The Green 401k’s Web site highlights two recent studies which suggest companies committed to social responsibility or sustainability have outperformed traditional companies in recent years.More information is at http://www.thegreen401k.com.
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