Products February 7, 2008

CA Firm Offers CIFs through 'Marketplace'

February 7, 2008 PLANSPONSOR.com) - A Campbell, California-based plan service provider is now helping to make collective investment funds (CIF) more available to plan sponsors.
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A news release from 401kDIRECT said plan advisers can now use its CIF marketplace to review and select CIFs for their plan sponsor clients.

The company said the funds are sub-advised by national trust companies and consulting firms and represent a variety of investment styles allowing advisers to better meet differing client needs.

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The advantages of CIFs include transparent pricing, lower net costs, and access to professional money management. In addition, the funds are priced and traded in a daily environment and are not subject to many of the restrictions of mutual funds, such as early withdrawal penalties, the announcement said.

For additional information, contact Lance Roberts at 740-927-3553 or email  lroberts@401k-direct.com .

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