St. Louis, MO April 16, 2008 --Independent Pension Fiduciary, Matthew D. Hutcheson, officially endorsed the retirement plan services offered by St. Louis-based Blue Ocean 401(k). Blue Ocean is the only firm in Missouri, and one of eight firms nationwide, to receive such an endorsement.
Says Hutcheson, “Over the past few years, a few very special firms have embraced a ‘participant first’ approach to delivering retirement plan services. Such firms are managed by responsible parties, who gladly accept fiduciary responsibility, with the goal of serving the best interests of nearly fifty million individual plan participants.”
“Blue Ocean 401(k) is one of those firms,” adds Hutcheson.
Matthew Hutcheson is recognized as one of the leading advocates of investor and retirement plan participant rights. He has worked with hundreds of plan fiduciaries and conducted many fiduciary and economic plan audits and reviews. He is also a Congressional Expert who has testified before Congress and worked with other regulatory bodies to protect the retirement income security of American workers.
Blue Ocean 401(k) provides full service 401(k) plans that use low cost index mutual funds to develop diversified portfolios for plan participants. The average total participant cost is well under 1.00% annually, including the expense ratios of the underlying index funds, making it one of the lower cost 401(k) platforms available.
“Mr. Hutcheson’s endorsement independently confirms that our innovative 401(k) service is consistent with public policy and Department of Labor initiatives. The American worker deserves a more efficient savings vehicle” says Blue Ocean principal Jim Winkelmann. “It is a wonderful validation of the principles that we practice and so deeply believe in.”
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 index funds, Exchange Traded Funds and US Government Bonds.
Wednesday, April 16, 2008
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