Blue Ocean 401(k) utilizes low cost index mutual funds to construct and maintain diversified model portfolios for the participants to choose from. The average total participant cost in the plan is 0.79% of assets annually, including the expense ratios of the underlying index funds.
The Blue Ocean 401(k) platform encourages the plan participants and sponsors to focus on the three aspects of investing that matter the most: allocation/diversification, fees and rebalancing.
Joe Montanaro, Huntleigh Capital Management Investment Advisor Representative and former Executive Director of the TWA Pilot's 401(k) Plan said, "The solution of using index funds to build a low cost, efficiently diversified, strategic asset allocation portfolio that is rebalanced as needed is like finding the Holy Grail of investing for the average 401(k) participant."
Administration of Blue Ocean 401(k) plans is handled through a partnership with St. Louis-based The401kStore.com Inc. Plan sponsors pay a flat $1200 annual administration fee plus $36 per employee.
Huntleigh Capital Management Principal, Jim Winkelmann said, "The mission of Blue Ocean 401(k) is to bring 401(k) investing to the next level of low fees and optimal investment performance for thousands of American workers."
More information about Blue Ocean 401(k) is available at www.BlueOcean401k.com.
About Blue Ocean Portfolios
Blue Ocean Portfolios is an Innovation of Huntleigh Capital Management, Inc., an SEC registered Investment Advisor managing both institutional and individual assets. Blue Ocean Portfolios was developed as a means to share an accumulated wealth of knowledge with clients all over the world and provide these investors with the optimal risk adjusted portfolios, utilizing Exchange Traded Funds and US Government Bonds.
About The401kStore.com, Inc.
The 401kStore.com, Inc is an independent, National Securities Clearing Corporation (NSCC) trading partner providing instantaneous access and transaction processing for the 401(k) industry. It is a wholly owned subsidiary of QBC, Inc., a respected mid-west regional employee benefits firm. QBC and The401kStore.com provide administrative services to several hundred plans with tens of thousands of participants.
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