Products July 12, 2000

B of A, Diversified Team on Small (k) Product

December 7, 2000 (PLANSPONSOR.com) - Banc of America Capital Management, has teamed up with Diversified Investment Advisors to offer a bundled 401(k) product for plans with more than $5 million in assets.
Reported by

The new product complements the bank’s existing small 401(k) plan product.

Banc of America Capital Management will provide:
– sales and marketing
– client services
– investment management expertise with select mutual funds.

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Diversified will primarily provide participant recordkeeping and administrative services.

The new product includes funds from Nations Funds and Diversified Investment Advisors, as well as other third-party offerings.

Also included are paperless enrollment, ongoing support materials printed in both English and Spanish, and round-the-clock access through the Internet and a voice response unit.

Banc of America Capital Management is the investment management arm of Bank of America.

– Nevin Adams   editors@plansponsor.com

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