BOSTON Scudder Retirement Services, a division of Zurich Scudder Investments, Inc., has launched Scudder Premium Plan, a fully bundled, comprehensive defined-contribution retirement plans for the small-plan market.
Scudder Premium, for 401(k), 403(b), and 457 plans, is aimed at sponsors that expect to have plan assets of $1 million to $15 million.
Scudder intends to sell the plan through financial advisers and broker-dealers. Plan sponsors can offer up to 15 funds, managed by from Scudder as well as other fund families. There is also a self-directed brokerage option.
Sponsors can use PlanNet, a plan administration Web site, to generate customized reports. There are two online tools for participants: Scudder University for investment education and retirement planning and InterActive Account for transferring assets between investment options, adjusting deferral amounts, and other administrative needs.
The product was launched Tuesday.
