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November 22, 2009

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Social(k)'s Q1 '09 401(k) Retirement Business is Up Over Q1 '08

Submitted by:Social(k)

Categories:Socially Responsible Investing, Finance

Posted: Apr 23, 2009 – 10:54 AM EST

 
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Leading animal welfare, green building, organic organizations sign up

SPRINGFIELD, MA. - April 23, 2009 - More organizations and companies signed up with Social(k), the nation's most diverse socially responsible retirement platform, in the first quarter of 2009 than in the same period of 2008, prior to the recession. Companies signing up include Numi Organic Tea (Oakland, CA) and the U.S. Green Building Council - Northern California Chapter (San Francisco, CA).

Entities signing up included those representing the animal welfare, child welfare, community development, green building, organic, racial equality, and corporate social responsibility sectors.

Rob Thomas, president of Social(k) notes that "The increase is due to both changes in 2008's 403(b) administration requirements as well as soaring interest in all things sustainable even during this time of uncertainty."

The trend toward sustainable retirement investing mirrors the increasing interest in sustainability in general. Says GreenBiz.com editor Joel Makower, "Being seen as green is no longer a 'nice to do' for a growing number of companies. Indeed, rather than dampening green initiatives, as has been the case in the past economic downturns, this recession seems to be upping the ante, creating a sense of greater urgency for companies to differentiate themselves as green leaders."

In the past 19 years, since the inception of KLD's Domini 400 Social Index on May 1, 1990, its annualized returns of 7.74 percent have beaten the S&P 500's annualized returns of 7.01 percent (as of March 31, 2009).

About Social(k):

Springfield, MA-based Social(k) is the nation's most diverse socially responsible retirement platform for 401(k) and 403(b) plans, offering more than 150 screened socially responsible funds, including Calvert, Pax, Parnassus, Portfolio 21, and Winslow Green Growth funds, as well as more than 2000 conventional funds to choose from. Nearly 400 financial advisors have registered with Social(k) so as to offer its unique retirement program to their clients as an alternative to the limited options normally offered through today's traditional sponsored programs. Social(k) is a founding B Corporation, Organic Trade Association affiliate and member of Coop America and One Percent for the Planet.

For more information, please contact:

Sandra Marquardt On the Mark Public Relations
Phone: 3015920077
Phone 2: 3015124781

For more from this organization:

Social(k)

 

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