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401(k) Brochures & Forms:
Employee Brochures & Forms:
Adding The Amana Funds To Your Existing 401(k) Plan
The Amana Funds are available through a number of retirement plan providers. We offer the following suggestions to assist you in your efforts to help make the Amana Funds available in your current 401(k) plan. While we cannot guarantee success, the suggestions below will help give you the best chance of adding Amana to your plan's investment options.
- Contact Your Plan Administrator
Plan administrators (often times your company's benefits coordinator or human resources officer) are the gatekeepers of your employer’s 401(k) plan. A plan administrator will be able to find out whether the Amana Funds are available through your employer’s retirement plan provider. If available, the plan administrator will be able to furnish the company procedures for suggesting the addition of new funds to the current investment selection. Speaking about the Amana Funds in terms of faith-based investing, as opposed to the sharia compliant aspects, has helped many individuals overcome initial rejections.
- Consider The Brokerage Option
Many plans offer the ability to invest in common stocks and other securities through a brokerage window. Often the Amana Funds will be available through this channel. The downside is that even though the Amana Funds are no-load (which means that we do not charge commissions), purchases and sales of shares of the Funds will most likely be subject to commissions charged by the brokerage firms providing the access.
- Be Mindful Of The Plan's Fiduciary Obligations
Plan sponsors (i.e., employers) have to consider a wide variety of issues when constructing a plan's investment choices. Investment performance, balanced asset options (which includes asset classes that are not necessarily Islamically acceptable), government obligations, investment fees, and other plan costs, must all be considered by administrators. Faith-based and other social issues are not required factors to consider.
- Be Patient
Large companies can take years to change their plans. When they do, stay top of mind by providing the plan administrator with relevant information on the Funds.
- Consider An IRA
If your plan administrator is unable to add the Amana Funds to your plan, consider investing in the Amana Funds through a Saturna Capital IRA instead of participating in the company's 401(k) Plan.
Amana Can Help
Amana is happy to provide more information to Plan Administrators, at their request: performance history, investment philosophy, our screening process, manager bios and history — much of which is already contained on this website.