Ford Motor Co. Adds First Socially Responsible Investment Option to its 401k Plan; Domini Social Equity Fund Selected for Nation's 9th Largest Defined Contribution Plan.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 18, 2000 Domini Social Investments LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (DSIL DSIL Domini Social Investments LLC DSIL Direction du Système d'Information Local ), the manager of the Domini Social Equity Fund(SM) (DSEF DSEF Domini Social Equity Fund (USA) ) (Ticker: DSEFX), has announced that the DSEF has been added as an investment option in Ford Motor Company's (Ticker: F) 401k Plan. The Fund is now available to all Ford employees, both hourly and salaried. Ford's 401k Plan is the 9th largest defined contribution plan Defined contribution plan A pension plan whose sponsor is responsible only for making specified contributions into the plan on behalf of qualifying participants. Related: Defined benefit plan in the country, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Pensions and Investments, with more than $20 billion in assets. The DSEF is the first socially responsible investment option to be offered to Ford's employees. "We are excited to be providing a socially responsible investment option to Ford's 86,000 employees," said Amy Domini Amy Domini is an American investment adviser and author known for her work in "social investing". As one of the founders of KLD Research & Analytics, Inc., she helped created the Domini 400 Social Index, a stock market index selected according to a set of social and environmental , Founder and Managing Principal, Domini Social Investments. "Our presence in some of the largest 401k plans in the world is a further example of the tremendous growth of social investing social investing Limiting one's investment alternatives to securities of firms whose products or actions are considered socially acceptable. For example, an investment manager might decide to eliminate from consideration the securities of all firms engaged . Individuals from all walks of society are now seeking to align their investments with their values. We are pleased to be able to meet this demand and to assist individuals meet both their financial goals and their broader goals for society and the environment." "Last fall, the UAW (spelling) UAW - Misspelling of "IAW"? expressed interest in adding socially responsible investment options to the Ford Tax-Efficient Savings Plan for Hourly Employees (TESPHE). Ford reviewed several socially responsible funds and is pleased to offer the Domini Social Equity Fund in TESPHE, as well as the savings plan available to our salaried employees, the Savings and Stock Investment Plan," says Lee Mezza, Manager Direct Compensation and Benefits at Ford. The Domini Social Equity Fund is the oldest and largest socially and environmentally screened index fund in the world, with $1.4 billion in assets. The Fund's recent asset growth has been fueled by an increased demand for socially responsible options in corporate 401k plans, with retirement plans representing approximately 30% of new assets over the past year. The Fund has been recently added to several of the nation's largest 401k plans, and is available through some of the largest retirement plan distributors in the country, including American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , Charles Schwab Charles Schwab can refer to:
The Domini Social Equity Fund is a no-load, large-capitalization domestic equity index fund that tracks the Domini 400 Social Index The Domini 400 Social Index is a stock market index created by Amy Domini and others at KLD Research & Analytics, Inc. as a benchmark of large companies that are considered socially responsible or ethical. (SM), a widely recognized benchmark for socially responsible investors. It is composed of the stocks of 400 companies that pass Domini's broad-based social and environmental screens. The Index includes companies with positive records in community involvement, the environment, diversity and employee relations. It excludes companies that derive significant revenues from alcohol, tobacco, gambling, nuclear power and weapons contracting. New York-based Domini Social Investments(SM) manages $2.0 billion in assets for individual and institutional investors who want to integrate social and environmental criteria into their investment decisions. In addition to the firm's flagship fund, the Domini Social Equity Fund, Domini also offers the Domini Social Bond Fund(SM) (Ticker: DSBFX), an intermediate term bond fund and an FDIC-insured community development money market account through its partnership with South Shore Bank, the oldest and largest community development bank in the country. Past performance is no guarantee of future results. The Domini Social Equity Fund and the Domini Social Bond Fund are subject to market risks and are not insured. Economic and market conditions change, and both will cause investment return, principal value, and yield to fluctuate. You may lose money. Some of the Domini Social Bond Fund's community development investments may be lower rated or unrated and may subject the Fund to more credit risk than other types of debt instruments. Although the Domini Funds re no-load, certain fees and expenses apply to a continued investment and are described in the prospectus. Please obtain a prospectus by calling 1-800-762-6814 or visit our website at www.domini.com. Read it carefully before you invest or send money. DSIL Investment Services LLC, Distributor (DSILD). DSILD and South Shore Bank are not affiliated. 12/00 Domini Social Investments(SM), Domini Social Equity Fund(SM) and Domini Social Bond Fund(SM) are registered service marks of Domini Social Investments LLC. Domini 400 Social Index (SM) is a service mark of Kinder, Lydenberg, Domini & Co., Inc. ("KLD KLD Kullback-Leibler Divergence KLD Kullback-Leibler Distance KLD Këshilli I Lartë I Drejtësisë (Albanian: High Council of Justice) ") and is used under license. KLD is the owner of the Index but is not the manager of the Domini Social Equity Fund. |
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