Green your company's 401(k)

The process for adding a new fund to a 401(k) plan can vary depending on company size. If you're a leader at a small company, you may be able to email your 401(k) provider directly and ask them to add SPFFX to your lineup. If you're at a bigger company, there may be a more formal process to follow.

Most mid-size and large companies have a 401(k) committee that is made up of the company’s head of benefits, the head of human resources, the head of finance, and an external 401(k) advisor. 401(k) advisors are just like financial advisors, but they specialize in advising companies on what funds to put in their 401(k) lineups. The 401(k) advisor typically leads quarterly committee meetings, where they discuss whether to make any changes to the plan. If this sounds like your company, a good place to start is to email your HR manager - check out our example email to HR below.

A smaller company may not have its own 401(k) committee, but instead outsource some part of what is known as its Fiduciary Duty to an external company. That company has its own 401(k) committee that acts on your company's behalf. In that case, the outsourced company likely follows a similar process to what a bigger firm would follow in-house. Asking that outsourced committee to add SPFFX to its lineup can have a big impact in that it can make climate-friendly investing available not only to you and your colleagues, but to every employee of every company that uses that firm for its 401(k). Check out our example email to 401(k) providers below.

The 401(k) fund lineup decision-making process

401(k) decision makers

What you can do now