W. E. Donoghue & Co., Inc. had designed a new 401(k) plan to meet the needs of both plan sponsors and the participants. The 401(k) plan has all the bells and whistles you have come to expect along with two very new features, professional money management and Exchange Traded Funds (ETFs).
W. E. Donoghue will manage the assets inside the plan for each plan participant, based on their needs and tolerance for risk. There are several different strategies to choose from. These strategies are implemented using the ETFs. Exchange traded funds typically have lower expense ratios than other mutual funds, therefore the plan offers reduced costs to participants and sponsors alike.
Exchange Traded Funds are mutual funds that trade on an exchange, similare to a stock.