401(k) Investors to Get Advice Soon
Wall Street Journal (06/10/02) p.C15; Lauricella, Tom

Following the release of a letter from the U.S. Labor Department last year, retirement plan provider Citistreet will announce its new service providing advice to investors in Citistreet 401(k) plans. The Labor Department letter gave financial services companies permission to provide specific advice to retirement plan participants, as long as the advice was given by a financial expert independent of the plan provider. American International Group's SunAmerica unit will also soon announce its own service, which will give advice and actively manage investors' accounts.


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