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Products March 1, 2001
GoldK Entering 403(b) Market
January 3, 2001 (PLANSPONSOR.com) - Internet
recordkeeper GoldK has announced plans to enter the 403(b)
service market in the second quarter of 2001.
Reported by Nevin E. Adams
The expansion will bring the 401(k) provider’s services to employees of tax-exempt organizations, including educational, religious, health-care and charitable institutions.
There are more than 6 million workers with some $520 billion in assets in 403(b) programs, according to Spectrem Group research cited in the press release. That same study finds that more than 50% of 403(b) assets are currently invested in annuities, compared with just 15% in mutual funds.
GoldK was founded in 1999 and is based in Waltham, Massachusetts.