Group Bundles Social Funds for Plan Sponsors
1Point Administrative Services of Nashville will offer a 401(k) plan specializing in socially responsible investing, the company announced today.
The product, known as SR401k[R], will provide 17 mutual funds from eight companies, including Ariel, Calvert, Citizens, Domani, IPS, Meyers Pride Value, Neuberger Berman, Parnassus and Women's Equity. It will be marketed through a network of financial advisors, according to a statement issued by the company.
The company has not yet signed any plan sponsors to the program, according to a company spokesperson.