Products February 12, 2007

New NPC 401(k) Plan Uses ETFs as Primary Investment Option

February 12, 2007 (PLANSPONSOR.com) - National Planning Corporation (NPC) has launched a 401(k) plan program for small and mid-sized companies which uses exchange-traded funds (ETFs) as its primary investment option.
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“The retirement plan market has long been dominated by mutual funds, but the transparency of fees and low cost of ETFs make them an extremely efficient and attractive investment for both plan sponsors and participants,” said NPC President Shawn Dreffein, in a press release.

Plan participants will get one-on-one advice from investment advisers, online access to their account and will be able to select from five portfolios, which are managed by Avatar Associates, the announcement said.

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For plan sponsors, the program offers online access to participant account and investment information, as well as updates in employee benefit laws and other fiduciary considerations. Each employer will also get a plan book that includes:

  • Educational material for plan participants,
  • Risk assessment questionnaires,
  • Portfolio descriptions,
  • Enrollment forms, and
  • Glossary of terms.

More information is at  www.NatPlan.com .

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