Pioneer to Offer Roth Feature in Uni-K Plans

Pioneer Investment Management will offer the Roth feature in its owner-only Uni-K 401(k) plan, to be called the Pioneer Uni-K Plan with Roth and debut Jan. 1, 2006, which is the date that 401(k) Roth contributions come into effect nationwide.

"Pioneer is again at the forefront of providing innovative retirement plan options for the self-employed and high-net-worth individuals," said Christopher Laucks, vice president of retirement and annuity markets at Pioneer Investments. "The Roth Uni-K is a golden opportunity for many investors looking to diversify their retirement portfolio, hedge against possible future tax increases at retirement, and establish a tax-free legacy for future generations."

In 2002, Pioneer was the first mutual fund company to launch an owner-only 401(k) plan and is now the first to announce that it will offer an owner-only 401(k) with a Roth option, to self-employed individuals and owner-only businesses, the firm said.