MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 14, 2000 Schwab Lowers Fees There has been a lot of talk and focus in the industry lately regarding the small plan 401(k) market, but don't count out vendors still looking to gain an advantage in the large size market. Charles Schwab Retirement Plan Services is now making available five collective trust funds. It is designed for retirement plans with at least $100 million in assets. Called Schwab Institutional Trust Funds, these funds will pool the assets of a number of different plans into one account.
"With Schwab Institutional Trust Funds, we are expanding the menu for retirement plan investors with a flexible, low-fee investment vehicle. Fees are critically important for long-term performance. Even a small reduction in fees can translate into significant accumulations of additional assets available for retirement," stated Walt Bettinger, coo for Schwab Retirement Plan Services. Collective trust funds are in many ways similar to mutual funds but do not have the same fee structure or regulatory oversight as mutual funds. Seven institutional investment advisors are a part of the service: Dodge & Cox, Goldman Sachs, Sirach Capital Management, Rice Hall James, Loomis, Sayles, & Co., Invesco, and Bank of Ireland. Participants will have the choice of the following investment options: large-cap value, large-cap growth, small-cap, international equity, and fixed income. GICs and company stock do not count toward that $100 million in assets. Printed from: MFWire.com/story.asp?s=25418 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |
