Putnam Investments will launch Putnam Individual(k), a new full-service 401(k) plan to be sold to individuals through financial advisers, said Laura McNamara. It provides self-employed individual investors with an Internet-based, full service retirement plan that includes the services and benefits of larger employer-sponsored plans.
Putnam has formed a partnership with ExpertPlan, a provider of Internet-based retirement plan services, in developing the new plan. It will be launched in November.
