dvisors 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
Stay ahead of the news ... Sign up for our email alerts now