Products February 24, 2010
CUNA Launches Stable Value Account for 401(k)s
CUNA Mutual Group has launched a fully guaranteed stable value account designed for 401(k) plans.
Reported by Rebecca Moore
The Guaranteed Account will be available to plans sold by broker/dealers who work with CUNA Mutual, the firm said.
Highlights of the Guaranteed Account, according to CUNA Mutual, include:
- complete guarantees of principal and interest (which CUNA noted is not found in all stable value accounts);
- full liquidity (participants can transfer into and out of this account without restrictions or penalties); and
- compensation for retirement plan advisers.
For more information, contact Micah DiSalvo at 800.356.2644 x6422.