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Rating:New R Class Aims at DC Intermediaries Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 30, 2002

New R Class Aims at DC Intermediaries

by: Sean Hanna, Editor in Chief

Advisors who sell retirement plans are getting a new share class from T. Rowe Price. The new "R" shares have been added to eight funds and are available to investors in employer-sponsored retirement plans offered through financial intermediaries.

The primary distribution of the funds will be through third-party administrators and financial advisors selling plans. The new shares carry a 50 basis point 12b-1 fee and an administrative fee to compensate recordkeepers in that distribution channel.

"The investment only defined contribution market is growing, particularly in the small plan area, and the R Class allows us to expand our distribution through this important channel," said John Cammack, director of third party distribution for T. Rowe Price.

The eight funds with the new class of shares are: New Income, Equity Income, Blue Chip Growth, Growth Stock, Mid-Cap Value, Mid-Cap Growth, International Growth & Income, and International Stock.  

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