Invest N Retire LLC

Description

The ETF Exchange Though the jury’s still out on how valuable and efficient they are‚ exchange-traded funds are starting to be offered by employers as part of their 401(k)s. by Marlene Prost – December 2009 “When Navmar‚ a naval-engineering company based in Chester‚ PA.‚ switched five years ago to a 401(k) plan offering exchange-traded funds‚ some employees worried they were being used as guinea pigs.” Even though mutual funds dominate the 401(k) market‚ Navmar’s in-house search committee decided to look at its options and chose an all-ETF 401(k) plan offered through Portland‚ Ore.-based Invest n Retire‚ a record-keeper and pioneer in the field. At first‚ according to Michael Kelley‚ Navmar’s director of administration‚ a lot of the employees were skeptical about trying something new and untested. With a growth in the fund from $3.2 million to more than $10 million over five years‚ the skeptics have turned into believers. As other companies are trying to recoup market losses in their 401(k) plans‚ many are giving ETFs a serious look. Invest n Retire client‚ Raylon‚ a wholesale beauty product distributor in Reading‚ PA‚ switched to an ETF plan after years with a traditional 401(k). “Before‚ people were investing‚ and their balances didn’t seem to grow. A lot of profits were being eaten up by fees‚” said Chris Raszkiewicz‚ Raylon’s vice president for finance. Retirement Planning Challenging the Status Quo In Conversation with Invest n Retire

Products & services

Similar companies nearby