July 10, 2017
For many people, investing through their employer’s retirement plan is a key way that they save for their future. Unfortunately, too many 401k and other employer sponsored retirement plans don’t yet include a fossil fuel free option.
But just because your plan does not now offer an option for you and your co-workers to invest in line with your values doesn’t mean that it can’t or won’t. Almost every week, we hear from a business that is interested in adding a fossil fuel free option to its retirement plan. You can work with your employer to get a fossil fuel free option added to your plan, too.
The first step is to identify some fossil fuel free options that you’d like to see included in the plan. If your plan uses mutual funds, Fossil Free Funds can help you start the search. Just remember to check the prospectus of any fund you are considering for its definition of fossil fuel free investments.
Next, figure out who makes decisions about what options are offered. Your Human Resources department may be a good place to start.
Finally, organize support and present the fossil fuel free options you’ve identified to the decision maker. You will want to provide materials on the funds you are proposing.
For more tips on how to organize support and resources to help get started, please visit our website or call 1-800-934-7336.
P.S. – For information on how to rollover a 401k from a past employer into a Green Century Funds IRA, visit our IRA page.*
Green Century Capital Management
*Prior to transferring or rolling over your account, consider your other options. You may be able to leave money in your current plan, withdraw cash or rollover the assets to a new employer’s plan if one is available and rollovers are permitted. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. You should consult your own legal and tax professionals regarding your situation.
You should carefully consider the Funds’ investment objectives, risks, charges and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds, please click here for more information, email firstname.lastname@example.org or call 1-800-93-GREEN. Please read the Prospectus carefully before investing.
Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic or political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to risks including interest rate, credit, and inflation. The Funds’ environmental criteria limit the investments available to the Funds compared to mutual funds that do not use environmental criteria.
This information has been prepared from sources believed to be reliable. The views expressed are as of the date of this writing and are those of the Advisor to the Funds.
The Green Century Funds are distributed by UMB Distribution Services, LLC. 235 W Galena Street, Milwaukee, WI 53212. 7/17