bzorc Posted December 16, 1999 Posted December 16, 1999 A lot of mutual fund companies will do this subaccounting on an individual basis. American Century and Kemper (through the KemFlex product)come to mind. I can't say I remember the costs, though.
SMB Posted December 16, 1999 Posted December 16, 1999 Does anyone know of or has worked with an investment provider (i.e., mutual fund family or brokerage) that maintains participant accounts by source of contribution - deferral, match, er discretionary, QNEC, rollover, etc. (i.e., similar to a group annuity w/o the insurance trappings and associated costs)?
Guest klc Posted December 16, 1999 Posted December 16, 1999 We provide that type of sub-accounting for our customers. Please contact me if you would like additional information.
Guest KeithPell Posted December 17, 1999 Posted December 17, 1999 Mutual fund families using the Trac 2000 system have the capability to separately account for money types in participant sub-accounts. Vesting and loan information is also presented on participant statements. MFS has a program using this system and American Funds is beta testing the system and should be out with it in 2000.
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