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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
January 08, 2004 at 07:00 PM
NU Online News Service, Jan. 8, 2004, 4:15 p.m. EST – Safeco Life & Investments, Redmond, Wash., has introduced the Safeco Multi-Share Class 401(k) program.[@@]
The program gives sponsors of small 401(k) plans the ability to offer as many as 35 mutual fund options from 10 fund management companies.
The minimum plan asset level is $250,000 for an existing plan, and Safeco Life will waive the recordkeeping fees for plans with an average account balance of at least $10,000 per participant.
Safeco Life will waive the takeover fee for plans with at least $1 million in assets that offer the ShareBuilder self-directed brokerage account option.
Safeco Life is a unit of Safeco Corp., Seattle.
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