Products June 18, 2003

Safeco Opens Doors on New 403/457 Platforms

June 18, 2003 (PLANSPONSOR.com) - Safeco Life & Investments has unveiled new programs designed to offer school district, public, and nonprofit workers a broader range of choices.
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Safeco’s new turnkey 403(b)(7) and 457 mutual fund programs offer public and nonprofit employees access to up to 50 mutual funds from eight different fund families, including:

  • Safeco Asset Management,
  • AIM Advisors Inc.,
  • American Century Investments,
  • The Dreyfus Corp.,
  • Fidelity Management and Research Co.,
  • Franklin Templeton Investments,
  • INVESCO Funds, and
  • JPMorgan Fleming Asset Management

Additionally, Safeco’s 457 program may give employees access to ShareBuilder, an online, self-directed brokerage account that allows investors to purchase fractional shares of over 3,500 company stocks and more than 70 exchange traded funds (ETFs) on a recurring basis through regular contributions to their retirement accounts, according to the firm.

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The programs allow unlimited free transfers between funds, while employees will receive a single consolidated statement for all their investments, and can view their account activity online or in print.

There’s more information at www.safeco.com

You can view an online ShareBuilder demonstration at www.safecoplaza.com/safecoplaza/spotlight/spotlight%5Fsbdemo.asp

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