OppenheimerFunds, Inc. introduced its first Class I mutual fund shares in December 2011, and now reports that its I Shares product lineup has expanded to 20 funds.

In addition to expanding its lineup of funds offering I Shares, OppenheimerFunds has introduced a number of services to help financial advisors benchmark and optimize their plans. "We expect the implementation of fee disclosures to cause some disruption in the market as plans review their recordkeeping, investment and advisory relationships," said Kathleen Beichert, senior vice president, Retirement Marketing.

Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $5 million or more (waived for retirement plan service provider platforms). Class I shares are sold at net asset value without a sales charge.

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