Products October 30, 2007

New Blue Ocean 401(k) Plans Use Index Mutual Funds

Blue Ocean Portfolios is launching a full service 401(k) plan that has an average annual total participant cost of 0.79% of assets, including the expense ratios of the underlying index funds.
Reported by

According to the St. Louis-based company, Blue Ocean 401(k) uses index funds to construct and diversified model portfolios.

Plan sponsors pay a flat $1,200 annual fee plus $36 per employee fee for plan administration, which will be handled by The401kStore.com Inc. and Blue Ocean.

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“The solution of using index funds to build a low cost, efficiently diversified, strategic asset allocation portfolio that is rebalanced as needed is like finding the Holy Grail of investing for the average 401(k) participant,” said Joe Montanaro, an investment advisor for Huntleigh Capital Management, which directs Blue Ocean Portfolios, in a press release.

For more information about Blue Ocean401(k), visit www.BlueOcean401k.com.

Products October 30, 2007

New Web Site Helps With Cash Balance Plan Business

Kravitz has launched a Web site focused on cash balance plans to help retirement plan advisers, providers, and third party administrators grow their retirement plan business.
Reported by

According to the California-based company, www.cashbalancedesign.com will also help these parties learn how cash balance plans work and how to identify cash balance candidates.

The Web site also features a Cash Balance Coach Program to help retirement plan advisers carry out one-on-one coaching and prepare custom prospect plan illustrations and co-branded sales and marketing materials.

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“Our mission is simple: to create a single, comprehensive source and help retirement plan advisers, providers and third party administrators grow their 401(k) and investment advisory business with cash balance plan designs,” said Daniel Kravitz, the president of the company, in the news release.

For more go to www.lkravitz.com.

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