X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO – In an effort to bring large company 401(k) benefits and pricing to the small company marketplace, Patelco Credit Union recently began offering a 401(k) program for that niche. The plan, administered through ShareBuilder, consists exclusively of exchange traded funds, making this the first time small businesses can offer market-efficient investment products for retirement saving, according to Patelco. The ShareBuilder 401(k) program features a $15 monthly fee per participant, no annual employer administrative fee, and a 0.65% annual asset fee. “Many of our members come to us through small companies,” said Andrew Hunter, president/CEO of Patelco. “It was only natural to extend our philosophy of helping them with their financial goals through their employer-and at the same time helping these companies stay competitive.” The $3.8 billion CU serves more than 220,000 members nationwide.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.